563 Mornington Ave 302

East G, London, N5Y 4T8
FOR SALE
$312,000
563 Mornington Ave 302, London
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
563 Mornington Ave 302
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2
BEDROOMS
1
BATHROOMS
1
KITCHENS
5
ROOMS
X8174386
MLSID
Contact Us
Property Description
Welcome to this well-maintained 2 bedroom, furniture included unit with a 3-piece bathroom, functional kitchen, private terrace, and plenty of natural light! Ceramic tile and laminate throughout. Convenient location close to Fanshawe college, transit, and shopping. Step out on the terrace to enjoy the fresh air and beautiful evening sunsets. BBQ and pets permitted. $638.48/month includes all utilities, 1 parking space, and visitor parking. Building has security cameras, renovated laundry room, and management office located on the main floor. You won't want to miss out on the opportunity to view and own this lovely unit.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-01-29 2024-02-22 24 $315,000 - Terminated
2023-05-24 2023-06-05 13 $274,900 $268,000 Sold
2023-08-28 2023-11-30 98 $305,000 - Expired
Property Details
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$1,344 (2023)
Basement
None
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Hydro Included
Yes
Air Conditioning
None
Parking Spaces
1
Parking 1
Common
Garage Type
None
London Market Statistics
London Price Trend
563 Mornington Ave 302 is a 2-bedroom 1-bathroom condo listed for sale at $312,000, which is $172,538 (35.6%) lower than the average sold price of $484,538 in the last 30 days (April 4 - May 3). During the last 30 days the average sold price for a 2 bedroom condo in London increased by $22,438 (4.9%) compared to the previous 30 day period (March 5 - April 3) and down $65,462 (11.9%) from the same time one year ago.
Inventory Change
There were 61 2-bedroom condos listed in London over the last 30 days (April 4 - May 3), which is up 662.5% compared with the previous 30 day period (March 5 - April 3) and up 1,425.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in London typically sold ($10,426) (2.2%) below asking price over the last 30 days (April 4 - May 3), which represents a $3,706 decrease compared to the previous 30 day period (March 5 - April 3) and ($13,550) 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 condos in London over the last 30 days (April 4 - May 3) stood at 80.3%, down from 125.0% over the previous 30 days (March 5 - April 3) and down from 150.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom condo in London stood at 35 days when successfully sold over the last 30 days (April 4 - May 3), compared to 51 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Centre City Realty Inc.
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