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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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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 $1,199,000, which is $562,632 (88.4%) higher than the average sold price of $636,368 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 3 bedroom home in London increased by $16,974 (2.7%) compared to the previous 30 day period (September 1 - September 30) and up $10,684 (1.7%) from the same time one year ago.Inventory Change
There were 275 3-bedroom homes listed in London over the last 30 days (October 1 - October 30), which is down 11.9% compared with the previous 30 day period (September 1 - September 30) and up 450.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($13,104) (2.1%) below asking price over the last 30 days (October 1 - October 30), which represents a $2,059 decrease compared to the previous 30 day period (September 1 - September 30) and ($6,852) 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 (October 1 - October 30) stood at 72.4%, up from 62.8% over the previous 30 days (September 1 - September 30) and up from 38.0% 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 23 days when successfully sold over the last 30 days (October 1 - October 30), compared to 57 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 First Canadian Corp.
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