557 Ontario St
London, N5W 3X9
FOR SALE
$649,000
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Property Description
Explore this great investment opportunity to acquire a legal Triplex in the charming Old East Village! The main floor boasts a spacious 2-bedroom unit, while the upper level features a cozy 1-bedroom unit. Additionally, the property offers shared laundry facilities in the basement and the other 1 bedroom unit. Ample parking space. Noteworthy is the expansive insulated shop/double garage (25 x 30) with 9-foot doors and 10-foot ceilings. Conveniently situated near bus routes, Downtown, numerous dining establishments and bars, excellent schools, and major highways. Don't miss out on this prime investment opportunity!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-04-25 | 2024-06-03 | 39 | $759,000 | - | Terminated |
| 2022-01-11 | 2022-01-18 | 7 | $649,900 | $760,000 | Sold |
Property Features
Fenced Yard, Place Of Worship, Public Transit, School Bus Route
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Property Details
Street
City
Property Type
Triplex, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
43' x 108'
Fronting
West
Taxes
$2,645 (2023)
Basement
Apartment, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
3
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 13.06' x 13.42' | |
| Kitchen | Main | 12.60' x 11.91' | |
| Prim Bdrm | Main | 9.91' x 13.22' | |
| 2nd Br | Main | 6.56' x 9.22' | |
| Living | 2nd | 13.12' x 10.96' | |
| Kitchen | 2nd | 6.56' x 9.68' | |
| Prim Bdrm | 2nd | 6.56' x 13.29' | |
| Den | 2nd | 12.63' x 4.30' | |
| Rec | Bsmt | 9.97' x 17.45' | |
| Kitchen | Bsmt | 6.56' x 12.37' | |
| Prim Bdrm | Bsmt | 6.56' x 9.38' |
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London Market Statistics
London Price Trend
557 Ontario St is a 4-bedroom 3-bathroom home listed for sale at $649,000, which is $233,974 (26.5%) lower than the average sold price of $882,974 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 4 bedroom home in London increased by $4,873 (0.6%) compared to the previous 30 day period (September 22 - October 21) and down $178,526 (16.8%) from the same time one year ago.Inventory Change
There were 143 4-bedroom homes listed in London over the last 30 days (October 22 - November 20), which is down 1.4% compared with the previous 30 day period (September 22 - October 21) and up 741.2% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($25,818) (2.9%) below asking price over the last 30 days (October 22 - November 20), which represents a $4,415 decrease compared to the previous 30 day period (September 22 - October 21) and ($14,450) 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 22 - November 20) stood at 63.6%, up from 42.8% over the previous 30 days (September 22 - October 21) and up from 23.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in London stood at 31 days when successfully sold over the last 30 days (October 22 - November 20), compared to 69 days before being removed from the market upon being suspended or terminated.Listing contracted with Engel & Volkers Oakville
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