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Property Description
Unique opportunity to acquire an updated Century Manse boasting the charm of yesteryear. Stunning 3 storey home loaded with character and charm from the inside out. Beautiful entry with double doors lead into spacious foyer with grand wooden staircase. Large front living room with bay window is open to royal formal dining room, both featuring hardwood floors with inlays and high cornice ceilings. The spacious kitchen includes lots of storage with large bay windows, breakfast bar and casual dining area with courtyard access from nearby mudroom. Second level features bright oversized primary bedroom with gas fireplace and luxurious new ensuite bathroom with cozy infloor heating. Also on this level is an LG Washtower and main bath, and adjacent bedroom currently being used as office. Third level has 2 large bedrooms with their own 3 piece bathroom.The rear part of the property is newly renovated office for professional use. Along with the 6 adjacent parking spots, it boasts a stylish reception area with charming boardroom and office. Plus on the 2nd floor there is a large additional office space and 2 piece bath. There is also a lunch room and 2 piece bath on the lower level.10 extra parking spots are adjacent with 558 Waterloo Street which is available as well.This property can be purchased on its own at listed sale price or in conjunction with 558 Waterloo a fully rented investment property with separate garage for $1,548.000. Recent updates to 554 Waterloo include $25k boiler system with 4 zone thermostats, 2 high efficiency Mitsibishi heat pumps with 4 heads, 11 new windows, 2 insulated doors with openers for garage , new Cat 6-e internet cabling and AV system wired throughout with 6 wifi access points.This is an OC2(1) zoned property with roughly a third of the space dedicated to office space yet commercial taxes making up some 56% of overall amount. However, it is easy to convert to all residential zoning, which would substantially lower the total property taxes
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-30 | 2024-09-26 | 119 | $1,199,000 | - | Terminated |
| 2024-03-28 | 2024-05-31 | 64 | $1,299,000 | - | Terminated |
| 2017-05-03 | 2017-08-28 | 117 | $1,399,900 | - | Expired |
| 2017-10-26 | 2018-04-13 | 171 | $999,900 | - | Expired |
| 2017-08-31 | 2017-12-15 | 106 | $3,000 | - | Expired |
| 2017-08-31 | 2017-10-25 | 55 | $1,399,900 | - | Terminated |
Property Features
Hospital, Park, Place Of Worship, Public Transit
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Property Details
Street
Community
City
Property Type
Detached, 2 1/2 Storey
Approximate Sq.Ft.
5000+
Lot Size
36' x 178'
Acreage
< .50
Fronting
East
Taxes
$19,844 (2023)
Basement
Part Fin
Exterior
Brick, Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Lane
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 16.08' x 16.24' | Beamed, Coffered Ceiling, Bay Window |
| Dining | Main | 12.83' x 16.50' | Coffered Ceiling, Crown Moulding, Side Door |
| Kitchen | Main | 12.07' x 18.50' | |
| Prim Bdrm | 2nd | 16.01' x 24.84' | Gas Fireplace, Beamed, Hardwood Floor |
| 2nd Br | 2nd | 11.75' x 14.17' | Beamed, Juliette Balcony |
| Other | 2nd | 8.50' x 12.40' | |
| Media/Ent | 2nd | 14.57' x 20.01' | Bamboo Floor, Fireplace, Balcony |
| 3rd Br | 3rd | 12.99' x 14.34' | |
| 4th Br | 3rd | 10.93' x 19.65' | |
| Office | Main | 10.76' x 11.58' | |
| Office | Main | 13.48' x 15.49' | |
| Office | Main | 8.33' x 9.58' |
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London Market Statistics
London Price Trend
554 Waterloo St is a 4-bedroom 6-bathroom home listed for sale at $949,000, which is $27,034 (2.8%) lower than the average sold price of $976,034 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in London increased by $81,067 (9.1%) compared to the previous 30 day period (December 22 - January 20) and up $593,150 (154.9%) from the same time one year ago.Inventory Change
There were 157 4-bedroom homes listed in London over the last 30 days (January 21 - February 19), which is up 38.9% compared with the previous 30 day period (December 22 - January 20) and up 946.7% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($20,736) (2.1%) below asking price over the last 30 days (January 21 - February 19), which represents a $15,133 increase compared to the previous 30 day period (December 22 - January 20) and ($5,311) 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 (January 21 - February 19) stood at 35.0%, down from 71.7% over the previous 30 days (December 22 - January 20) and down from 105,113.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 6-bathroom home in London stood at 48 days when successfully sold over the last 30 days (January 21 - February 19), compared to 86 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group - Select Realty
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