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Property Description
Welcome to this beautifully designed 3-bedroom, 2-bathroom condo in a quiet South London community near Springbank Park and Storybook Gardens. This one-floor home, with no basement, boasts a spacious layout centered around a unique atrium with three walls of windows that flood the space with natural light. The living room features gleaming hardwood floors, while the eat-in kitchen comes fully equipped with all appliances for your convenience. The bedrooms are generously sized, each with large closets, and theres an additional storage room to keep everything organized. A stacked laundry set is included, and the long single-car garage provides extra storage alongside the double-wide driveway. With visitor parking right across the street, this serene location offers both comfort and practicality, just minutes from parks, trails, and local amenities.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2010-09-17 | 2010-10-06 | 20 | $189,900 | $185,000 | Sold |
| 2003-04-08 | 2003-05-04 | 30 | $147,900 | $147,000 | Sold |
Extras
one floor condo no basement or stairs.
Property Features
Public Transit
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Property Details
Street
Community
City
Property Type
Condo Townhouse, Bungalow
Approximate Sq.Ft.
1400-1599
Taxes
$2,847 (2024)
Basement
None
Exterior
Brick, Vinyl Siding
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Window Unit
Parking Spaces
2
Parking 1
Owned
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Main | 5.97' x 7.97' | |
| Kitchen | Main | 6.99' x 14.99' | Eat-In Kitchen |
| Dining | Main | 9.97' x 16.01' | |
| Living | Main | 14.99' x 15.98' | |
| Prim Bdrm | Main | 13.98' x 10.99' | |
| Br | Main | 10.14' x 12.99' | |
| 2nd Br | Main | 10.14' x 15.98' |
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London Market Statistics
London Price Trend
516 Cranbrook Rd is a 3-bedroom 2-bathroom townhome listed for sale at $509,500, which is $20,193 (4.1%) higher than the average sold price of $489,307 in the last 30 days (November 3 - December 2). During the last 30 days the average sold price for a 3 bedroom townhome in London declined by $2,807 (0.6%) compared to the previous 30 day period (October 4 - November 2) and up $28,707 (6.2%) from the same time one year ago.Inventory Change
There were 69 3-bedroom townhomes listed in London over the last 30 days (November 3 - December 2), which is down 17.9% compared with the previous 30 day period (October 4 - November 2) and up 392.9% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom townhomes in London typically sold ($12,646) (2.6%) below asking price over the last 30 days (November 3 - December 2), which represents a $2,704 decrease compared to the previous 30 day period (October 4 - November 2) and ($17,700) 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 3-bedroom townhomes in London over the last 30 days (November 3 - December 2) stood at 85.5%, up from 65.5% over the previous 30 days (October 4 - November 2) and up from 35.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom townhome in London stood at 45 days when successfully sold over the last 30 days (November 3 - December 2), compared to 74 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group Preferred Realty Inc.
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