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Property Description
This excellent investment opportunity is perfect for investors or first-time homebuyers! This detached home backs onto a green space with walking trails and features 3+1 bedrooms, an attached garage, and a separate in-law/granny suite with its own entrance, kitchen, bathroom, and family room. Potlights brighten all living spaces, adding a modern touch. The home currently generates$3,750 in monthly rental income, with flexible tenancy options. It also includes a hybrid heating system (heat pump and forced air furnace) and a brand-new basement kitchen.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2021-04-08 | 2021-04-16 | 10 | $489,000 | $600,000 | Sold |
2002-06-19 | 2002-09-20 | 99 | $137,500 | $130,000 | Sold |
2011-11-14 | 2012-01-14 | 61 | $219,900 | $211,000 | Sold |
2022-10-26 | 2022-11-28 | 33 | $649,900 | $615,000 | Sold |
2022-10-11 | 2022-10-17 | 6 | $649,900 | - | Terminated |
2022-08-02 | 2022-09-19 | 48 | $749,900 | - | Terminated |
2022-06-16 | 2022-08-01 | 46 | $799,900 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Fronting
East
Taxes
$3,477 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Family | Main | 37.80' x 59.09' | |
Kitchen | Main | 32.84' x 32.84' | |
Dining | Main | 34.45' x 34.45' | |
Prim Bdrm | Main | 34.45' x 45.11' | |
2nd Br | Main | 31.20' x 36.06' | |
3rd Br | Main | 27.89' x 32.84' | |
Family | Lower | 50.82' x 55.74' | |
Br | Lower | 34.45' x 44.23' | |
Kitchen | Lower | 27.89' x 34.45' |
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London Market Statistics
London Price Trend
56 Tumbleweed Cres is a 3-bedroom 2-bathroom home listed for sale at $649,900, which is $34,733 (5.6%) higher than the average sold price of $615,167 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 3 bedroom home in London declined by $14,070 (2.2%) compared to the previous 30 day period (November 19 - December 18) and down $24,833 (3.9%) from the same time one year ago.Inventory Change
There were 138 3-bedroom homes listed in London over the last 30 days (December 19 - January 17), which is down 19.3% compared with the previous 30 day period (November 19 - December 18) and up 1,154.5% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($29,447) (4.8%) below asking price over the last 30 days (December 19 - January 17), which represents a $15,999 decrease compared to the previous 30 day period (November 19 - December 18) and ($14,000) 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 3-bedroom homes in London over the last 30 days (December 19 - January 17) stood at 117.4%, up from 101.8% over the previous 30 days (November 19 - December 18) and down from 190.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in London stood at 38 days when successfully sold over the last 30 days (December 19 - January 17), compared to 82 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Millennium Real Estate
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