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Property Description
Penthouse like apartment w/ 900 sq ft wrap around terrace/balcony! Rare 2 Bedroom + Den 1830 sq ft Corner Unit featuring N/W views, perfect for BBQing, Entertaining or Relaxing. Large Open Concept Kitchen, Dining Area and Living Room with fireplace... doused in panoramic views both Day & Night! Tasteful Engineered Hardwood, Quartz Countertops, Ceramics & Custom Blinds. Master Bedroom w/ large Walk-in Closet plus Ensuite w/ His & Her Sinks. 2nd Bedroom w/ Walk-in Closet and another Full Bath. Den/Office w/ Transom window is perfect for your home office. TWO premium conveniently located parking spots, as well as 1 Storage Locker. Condo Fee includes Water, Heat & A/C. The Amenities are over the top: Stunning Penthouse lounge & Dining Room, Gym, Golf Simulator, Roof Top Terrace w BBQs and more! Just steps from the Grand Theatre, Budweiser Gardens Arena, Covent Garden Market, Victoria and Harris Parks, Walking / Bicycling Trails and the Thames River
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2020-10-02 | 2020-12-02 | 62 | $674,900 | $650,000 | Sold |
Property Features
Golf, Library, Park, Public Transit, River/Stream
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1800-1999
Taxes
$6,634 (2023)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Other
Air Conditioning
Central Air
Elevator
Yes
Parking 1
Owned (P-7)
Parking 2
Owned (P-7)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 13.88' x 17.19' | Hardwood Floor, Fireplace, Open Concept |
| Dining | Main | 10.83' x 21.19' | Hardwood Floor, Open Concept, W/O To Terrace |
| Kitchen | Main | 11.98' x 17.88' | B/I Dishwasher, B/I Microwave, Open Concept |
| Den | Main | 9.58' x 10.07' | Hardwood Floor, French Doors |
| Prim Bdrm | Main | 11.88' x 18.90' | W/I Closet, Ensuite Bath, W/O To Terrace |
| Br | Main | 10.60' x 16.17' | W/I Closet |
| Laundry | Main | 5.68' x 10.89' | Tile Floor |
| Foyer | Main | 6.40' x 10.37' | Tile Floor |
| Bathroom | Main | 4.99' x 9.84' | 4 Pc Bath, Tile Floor |
| Bathroom | Main | 9.58' x 10.83' | 4 Pc Ensuite, Tile Floor |
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London Market Statistics
London Price Trend
505 Talbot St 701 is a 2-bedroom 2-bathroom condo listed for sale at $785,900, which is $347,257 (79.2%) higher than the average sold price of $438,643 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 2 bedroom condo in London declined by $131,785 (23.1%) compared to the previous 30 day period (March 15 - April 13) and down $91,357 (17.2%) from the same time one year ago.Inventory Change
There were 55 2-bedroom condos listed in London over the last 30 days (April 14 - May 13), which is up 150.0% compared with the previous 30 day period (March 15 - April 13) and up 1,000.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in London typically sold ($11,282) (2.6%) below asking price over the last 30 days (April 14 - May 13), which represents a $2,449 decrease compared to the previous 30 day period (March 15 - April 13) and ($13,550) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom condos in London over the last 30 days (April 14 - May 13) stood at 74.5%, down from 95.5% over the previous 30 days (March 15 - April 13) and down from 160.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in London stood at 37 days when successfully sold over the last 30 days (April 14 - May 13), compared to 52 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Centre City Realty Inc., Brokerage
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