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Property Description
Have you been waiting to get in the market well your look is over. This property is currently being used as a single-family home but is set up as a duplex with a separate entrance and separate parking which translates into income. The double drive is at the front of the house and the right of way to the East of the property leads you to the additional parking space and garage. The main floor offers a separate dining area. The large upper bedroom makes for an amazing space. The laundry is on the main floor but is accessible to both units. Two bedroom lower with separate kitchen and 4 piece bathroom. Fenced-in private backyard. See for yourself the potential this property offers.
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Property Features
Hospital, Public Transit, School, School Bus Route
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
42' x 108'
Acreage
< .50
Fronting
South
Taxes
$2,823 (2023)
Basement
Apartment, Finished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Pvt Double
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 11.88' x 15.49' | |
| Dining | Main | 9.19' x 11.29' | |
| Br | Main | 9.58' x 11.58' | |
| Other | Main | 11.58' x 7.38' | |
| Br | 2nd | 10.37' x 30.68' | |
| Br | Bsmt | 10.07' x 9.58' | |
| Br | Bsmt | 10.99' x 9.58' | |
| Kitchen | Bsmt | 10.99' x 8.30' | |
| Family | Bsmt | 10.07' x 16.99' |
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London Market Statistics
London Price Trend
51 Terrace St is a 2-bedroom 2-bathroom home listed for sale at $489,000, which is $46,454 (8.7%) lower than the average sold price of $535,454 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 2 bedroom home in London declined by $4,909 (0.9%) compared to the previous 30 day period (September 1 - September 30) and down $60,546 (10.2%) from the same time one year ago.Inventory Change
There were 85 2-bedroom homes listed in London over the last 30 days (October 1 - October 30), which is up 2.4% compared with the previous 30 day period (September 1 - September 30) and up 1,600.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in London typically sold ($3,744) (0.7%) below asking price over the last 30 days (October 1 - October 30), which represents a $3,515 increase compared to the previous 30 day period (September 1 - September 30) and ($3,000) less 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 homes in London over the last 30 days (October 1 - October 30) stood at 71.8%, down from 72.3% over the previous 30 days (September 1 - September 30) and up from 40.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in London stood at 26 days when successfully sold over the last 30 days (October 1 - October 30), compared to 54 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 First Canadian Corp.
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