557 Ontario St

London, N5W 3X9
FOR SALE
$649,000
557 Ontario St, London
557 Ontario St
557 Ontario St
557 Ontario St
557 Ontario St
557 Ontario St
557 Ontario St
557 Ontario St
557 Ontario St
557 Ontario St
557 Ontario St
557 Ontario St
557 Ontario St
557 Ontario St
557 Ontario St
557 Ontario St
557 Ontario St
557 Ontario St
557 Ontario St
557 Ontario St
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4
BEDROOMS
3
BATHROOMS
3
KITCHENS
14
ROOMS
X8423332
MLSID
Contact Us
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!
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
Property Details
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
Room Summary
RoomLevelSizeFeatures
LivingMain13.06' x 13.42'
KitchenMain12.60' x 11.91'
Prim BdrmMain9.91' x 13.22'
2nd BrMain6.56' x 9.22'
Living2nd13.12' x 10.96'
Kitchen2nd6.56' x 9.68'
Prim Bdrm2nd6.56' x 13.29'
Den2nd12.63' x 4.30'
RecBsmt9.97' x 17.45'
KitchenBsmt6.56' x 12.37'
Prim BdrmBsmt6.56' x 9.38'
London Market Statistics
London Price Trend
557 Ontario St is a 4-bedroom 3-bathroom home listed for sale at $649,000, which is $282,056 (30.3%) lower than the average sold price of $931,056 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 4 bedroom home in London increased by $61,498 (7.1%) compared to the previous 30 day period (July 21 - August 19) and up $91,056 (10.8%) from the same time one year ago.
Inventory Change
There were 156 4-bedroom homes listed in London over the last 30 days (August 20 - September 18), which is up 38.1% compared with the previous 30 day period (July 21 - August 19) and up 609.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($38,057) (4.1%) below asking price over the last 30 days (August 20 - September 18), which represents a $12,934 decrease compared to the previous 30 day period (July 21 - August 19) and ($28,888) 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 (August 20 - September 18) stood at 43.6%, down from 63.7% over the previous 30 days (July 21 - August 19) and up from 31.8% 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 38 days when successfully sold over the last 30 days (August 20 - September 18), compared to 73 days before being removed from the market upon being suspended or terminated.
Listing contracted with Engel & Volkers Oakville
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