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Property Description
Amazing Investment Opportunity Located in the heart of London! This turn-key, low maintenance legal duplex in Old East Village will be an amazing addition to your portfolio. Close to downtown, Western Fair Farmer's Market and all amenities including bus routes to both Fanshawe College and UWO. Perfect for anyone looking for a spacious, cash flowing investment or a mortgage helper to ease your payments. This building features 2 spacious units has an extensive list of recent updates: Three Hydro meters and updated Electrical Panels (2022), Roof (2014), Siding/eavestrough/soffits/fascia (2021), Updated plumbing (2021), Furnace (2019), Fence (2020-2021). In addition, there is coin-operated shared laundry and plenty of parking. Separate entrances for both units and the full unfinished basement for storage/workshop.Fully rented to high-quality A+ tenants for $3464/month.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-08-22 | 2024-10-25 | 64 | $579,999 | - | Terminated |
2024-06-11 | 2024-08-22 | 72 | $579,999 | - | Terminated |
2024-02-15 | 2024-06-11 | 117 | $574,888 | - | Terminated |
2002-04-19 | 2002-08-30 | 135 | $99,900 | - | Expired |
2022-11-15 | 2022-12-12 | 27 | $499,900 | $535,000 | Sold |
2021-07-26 | 2021-08-27 | 32 | $374,900 | $360,000 | Sold |
2023-11-22 | 2024-02-15 | 85 | $574,888 | - | Terminated |
2023-08-14 | 2024-01-27 | 184 | $599,999 | - | Expired |
2023-06-15 | 2023-08-03 | 49 | $599,000 | - | Terminated |
2023-11-06 | 2023-12-06 | 30 | $574,888 | - | Terminated |
2023-07-27 | 2023-11-06 | 102 | $599,999 | - | Terminated |
2023-06-08 | 2023-07-27 | 49 | $599,000 | - | Terminated |
2022-11-18 | 2023-02-15 | 92 | $499,900 | - | Expired |
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Lot Size
32' x 100'
Fronting
West
Taxes
$3,012 (2024)
Basement
Full, Unfinished
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
None
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London Market Statistics
London Price Trend
553 Quebec St is a 4-bedroom 2-bathroom home listed for sale at $559,999, which is $318,200 (36.2%) lower than the average sold price of $878,199 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 4 bedroom home in London declined by $1,432 (0.2%) compared to the previous 30 day period (September 21 - October 20) and down $1,801 (0.2%) from the same time one year ago.Inventory Change
There were 144 4-bedroom homes listed in London over the last 30 days (October 21 - November 19), which is down 11.1% compared with the previous 30 day period (September 21 - October 20) and up 747.1% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($24,170) (2.8%) below asking price over the last 30 days (October 21 - November 19), which represents a $3,593 decrease compared to the previous 30 day period (September 21 - October 20) and ($9,900) 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 4-bedroom homes in London over the last 30 days (October 21 - November 19) stood at 60.4%, up from 36.4% over the previous 30 days (September 21 - October 20) and up from 29.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in London stood at 30 days when successfully sold over the last 30 days (October 21 - November 19), compared to 70 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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