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Property Description
Nestled in the heart of London, Ontario, this charming starter home beckons with its quaint allure and modern comforts. Boasting two cozy bedrooms and a beautifully renovated bathroom, it's an ideal sanctuary for both investors seeking opportunity and first-time home buyers embarking on their journey. Step inside to discover a meticulously updated interior, where every detail speaks of thoughtful design. The kitchen, adorned with sleek countertops and contemporary appliances, invites culinary exploration and joyful gatherings. Sunlight dances through the windows, casting a warm glow upon the inviting living spaces, perfect for relaxation after a bustling day. Situated strategically, this home offers more than just comfort it promises convenience. Located near vibrant shopping districts, tantalizing restaurants, and a plethora of amenities, every necessity and indulgence is within easy reach. Whether you're strolling through nearby parks or exploring the bustling city center, the possibilities for adventure and relaxation are endless. For investors, this property holds promise with its desirable location and appeal to potential renters. For first-time buyers, it represents a dream come true a place to call your own in a community brimming with opportunity and charm. In this starter home in London, Ontario, opportunity meets comfort, and every corner holds the promise of a bright future. Whether you're envisioning your next investment or your first home, this is a place where dreams take root and memories flourish.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-07-31 | 2023-09-11 | 42 | $499,900 | - | Terminated |
Property Features
Public Transit
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
60' x 127'
Acreage
< .50
Lot Irregularities
126.54'x60'x126.53'x60'
Fronting
West
Taxes
$2,000 (2024)
Basement
Full, Unfinished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Ground | 15.29' x 10.07' | |
| Kitchen | Ground | 11.71' x 10.07' | |
| Dining | Ground | 6.07' x 10.27' | |
| Laundry | Ground | 7.09' x 11.06' | |
| Br | Ground | 11.52' x 9.25' | |
| 2nd Br | Ground | 10.07' x 9.25' |
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London Market Statistics
London Price Trend
54 Lyman St is a 2-bedroom 1-bathroom home listed for sale at $399,900, which is $167,058 (29.5%) lower than the average sold price of $566,958 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 2 bedroom home in London increased by $31,129 (5.8%) compared to the previous 30 day period (July 20 - August 18) and down $29,542 (5.0%) from the same time one year ago.Inventory Change
There were 66 2-bedroom homes listed in London over the last 30 days (August 19 - September 17), which is up 22.2% compared with the previous 30 day period (July 20 - August 18) and up 842.9% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in London typically sold ($10,405) (1.8%) below asking price over the last 30 days (August 19 - September 17), which represents a $4,451 decrease compared to the previous 30 day period (July 20 - August 18) and ($14,450) 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 homes in London over the last 30 days (August 19 - September 17) stood at 83.3%, up from 81.5% over the previous 30 days (July 20 - August 18) and down from 114.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in London stood at 36 days when successfully sold over the last 30 days (August 19 - September 17), compared to 85 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Triland Realty
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