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BEDROOMS1
BATHROOMS1
KITCHENS5
ROOMSX8132884
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Property Description
2 bedroom, main floor unit with a large, enclosed patio! Convenient location for those who can't handle stairs or elevators. Great value opportunity for first time buyers or investors. Located in a neighbourhood with easy access to public transit and shopping close by. Located a short distance from Fanshawe College. Low property taxes of $1271 and condo fees include heat, hydro and water. Currently tenant occupied.
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Property Details
Street
Community
City
Property Type
Condo Townhouse, Apartment
Approximate Sq.Ft.
800-899
Taxes
$1,271 (2023)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Baseboard
Heat Source
Other
Hydro Included
Yes
Air Conditioning
None
Parking Spaces
1
Parking 1
Common
Garage Type
None
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London Market Statistics
London Price Trend
563 Mornington Ave 102 is a 2-bedroom 1-bathroom townhome listed for sale at $224,900, which is $257,524 (53.4%) lower than the average sold price of $482,424 in the last 30 days (April 2 - May 1). During the last 30 days the average sold price for a 2 bedroom townhome in London declined by $31,895 (6.2%) compared to the previous 30 day period (March 3 - April 1) and up $102,424 (27.0%) from the same time one year ago.Inventory Change
There were 23 2-bedroom townhomes listed in London over the last 30 days (April 2 - May 1), which is up 91.7% compared with the previous 30 day period (March 3 - April 1) and up 2,200.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom townhomes in London typically sold ($10,871) (2.3%) below asking price over the last 30 days (April 2 - May 1), which represents a $6,831 increase compared to the previous 30 day period (March 3 - April 1) and ($39,999) more 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 2-bedroom townhomes in London over the last 30 days (April 2 - May 1) stood at 1,047.8%, up from 75.0% over the previous 30 days (March 3 - April 1) and up from 100.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom townhome in London stood at 31 days when successfully sold over the last 30 days (April 2 - May 1), compared to 57 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Centre City Realty Inc., Brokerage
Similar Listings
Looking for your next project? Flippers, investors and handy-men will see the potential here. Great opportunity to get in with a sledgehammer and do your thing. Property currently has no electricty due to a fire in the basement which will need to be remediated by the buyer. Bring your flashlight. As is no warranties, seller has never lived at the property.
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