551 TOPPING Lane

South C, London, N6J 3M9
FOR SALE
$1,199,000
551 TOPPING Lane, London
551 TOPPING Lane
551 TOPPING Lane
551 TOPPING Lane
551 TOPPING Lane
551 TOPPING Lane
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3
BEDROOMS
2
BATHROOMS
1
KITCHENS
8
ROOMS
X9513674
MLSID
Contact Us
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!
Extras
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Property Details
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
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 $563,731 (88.7%) higher than the average sold price of $635,269 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in London increased by $7,395 (1.2%) compared to the previous 30 day period (September 21 - October 20) and up $22,603 (3.7%) from the same time one year ago.
Inventory Change
There were 232 3-bedroom homes listed in London over the last 30 days (October 21 - November 19), which is down 23.9% compared with the previous 30 day period (September 21 - October 20) and up 700.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($13,350) (2.1%) below asking price over the last 30 days (October 21 - November 19), which represents a $1,333 decrease compared to the previous 30 day period (September 21 - October 20) and ($10,566) 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 21 - November 19) stood at 91.4%, up from 63.6% over the previous 30 days (September 21 - October 20) and up from 62.1% 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 26 days when successfully sold over the last 30 days (October 21 - November 19), compared to 59 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 First Canadian Corp.
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