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Property Description
Development Opportunity! Large 75x200 Corner Lot nestled in south London. Zoned R4-6/R5-3 DC - Up to 10 residential Units, cluster/stacked townhouse dwellings. Entry permissible off Eaton Park, services at road. Survey included and preliminary drawings included. Amazing opportunity to build, rent and hold or sell in this desirable area. Walking distance to shopping, schools and parks. Ideal infill project. Existing house is in excellent condition and move in ready. Financing Available for potential buyers. Call today!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-28 | 2025-01-31 | 95 | $1,199,000 | - | Expired |
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
1100-1500
Lot Size
75' x 200'
Fronting
West
Taxes
$3,100 (2024)
Basement
Finished, Full
Exterior
Alum Siding, Brick Front
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Pvt Double
Garage Type
Carport
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London Market Statistics
London Price Trend
551 TOPPING Lane is a 3-bedroom 2-bathroom home listed for sale at $1,099,000, which is $473,789 (75.8%) higher than the average sold price of $625,211 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in London declined by $14,001 (2.2%) compared to the previous 30 day period (December 22 - January 20) and up $370,637 (145.6%) from the same time one year ago.Inventory Change
There were 193 3-bedroom homes listed in London over the last 30 days (January 21 - February 19), which is up 27.8% compared with the previous 30 day period (December 22 - January 20) and up 915.8% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($13,503) (2.2%) below asking price over the last 30 days (January 21 - February 19), which represents a $14,518 increase compared to the previous 30 day period (December 22 - January 20) and ($3,099) 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 3-bedroom homes in London over the last 30 days (January 21 - February 19) stood at 64.2%, down from 101.3% over the previous 30 days (December 22 - January 20) and down from 210,715.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in London stood at 27 days when successfully sold over the last 30 days (January 21 - February 19), compared to 69 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 First Canadian Corp.
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