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Property Description
Don't miss out on this perfect investment opportunity in downtown London. This four bedroom 2 full bath 2 storey home comes with a solid 1.5 car garage and upwards of 9 outside surface parking spaces also with income potential. Loaded with character and charm inside and out. Home is currently rented for $2600 /mon with property management co. on a month to month basis. This property can be sold on its own for listed price or in conjunction with 554 Waterloo Street which features main house with attached commercial space for the combined price of $1,548,000.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-05-30 | 2024-09-26 | 119 | $649,000 | - | Terminated |
2024-03-28 | 2024-05-30 | 63 | $699,000 | - | Terminated |
2017-05-02 | 2017-07-24 | 83 | $1,399,900 | - | Expired |
2017-10-26 | 2018-04-13 | 169 | $374,900 | - | Expired |
2017-08-31 | 2017-09-11 | 11 | $1,399,900 | - | Expired |
Property Features
Library, Park, Public Transit
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
69' x 100'
Acreage
< .50
Fronting
East
Taxes
$4,671 (2024)
Basement
Unfinished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
7
Driveway
Lane
Garage Type
Detached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 12.01' x 15.32' | |
Dining | Main | 12.01' x 13.16' | |
Kitchen | Main | 10.99' x 15.68' | |
Laundry | Main | 8.99' x 10.50' | |
Br | Main | 7.51' x 14.99' | |
2nd Br | 2nd | 11.68' x 11.75' | |
3rd Br | 2nd | 8.50' x 14.99' | |
4th Br | 2nd | 9.09' x 12.01' |
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London Market Statistics
London Price Trend
558 Waterloo St is a 4-bedroom 2-bathroom home listed for sale at $549,000, which is $329,199 (37.5%) 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 Sutton Group - Select Realty
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