563 Mornington Ave 901

East G, London, N5Y 4T8
FOR SALE
$149,900
563 Mornington Ave 901, London
563 Mornington Ave 901
563 Mornington Ave 901
563 Mornington Ave 901
563 Mornington Ave 901
563 Mornington Ave 901
563 Mornington Ave 901
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1
BEDROOMS
1
BATHROOMS
1
KITCHENS
5
ROOMS
X11896620
MLSID
Contact Us
Property Description
1 bedroom unit on the 9th floor with a big balcony, facing west. Nice views. Priced well below market value. Seller will only consider offers where the buyer assumes the tenant - no exceptions (once buyer takes possession of the property you're free to serve notice for vacant possession). Tenant moved in Dec 1, 2020 and is currently renting on a month-to-month basis at $796.96/mth. Rent was last increased on Dec 1, 2023. Family friendly neighbourhood surrounded by mature trees and grass area. Walking distance to all the shopping at the corner of Oxford and Highbury and easy access to Fanshawe College. Property tax is $1290/yr. Condo fee is $508/mth which includes heat, hydro, and water.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-10-18 2024-01-17 92 $169,900 - Expired
2023-10-18 2024-01-17 92 $169,900 - Expired
Property Details
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$1,290 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Baseboard
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
None
Elevator
Yes
Parking Spaces
1
Parking 1
Common
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingFlat11.98' x 15.98'
KitchenFlat8.99' x 6.99'
BrFlat9.97' x 12.50'
DiningFlat9.97' x 12.50'
London Market Statistics
London Price Trend
563 Mornington Ave 901 is a 1-bedroom 1-bathroom condo listed for sale at $149,900, which is $184,155 (55.1%) lower than the average sold price of $334,055 in the last 30 days (December 8 - January 6). During the last 30 days the average sold price for a 1 bedroom condo in London increased by $64,065 (23.7%) compared to the previous 30 day period (November 8 - December 7) and up $132,555 (65.8%) from the same time one year ago.
Inventory Change
There were 11 1-bedroom condos listed in London over the last 30 days (December 8 - January 6), which is down 31.2% compared with the previous 30 day period (November 8 - December 7) and up 1,000.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in London typically sold ($1,551) (0.5%) below asking price over the last 30 days (December 8 - January 6), which represents a $2,794 increase compared to the previous 30 day period (November 8 - December 7) and ($15,956) 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 1-bedroom condos in London over the last 30 days (December 8 - January 6) stood at 81.8%, up from 68.8% over the previous 30 days (November 8 - December 7) and down from 200.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in London stood at 33 days when successfully sold over the last 30 days (December 8 - January 6), compared to 79 days before being removed from the market upon being suspended or terminated.
Listing contracted with Sutton Group - Select Realty
Similar Listings
563 Mornington Ave 501, London
1
BEDS
1
BATHS
$159,900
FOR SALE
Affordable One Bedroom condo at 563 Mornington Avenue with opportunity to build equity. Great location with public transit right outside the building, a short walk to shopping, Fanshawe College and other amenities. Low property taxes and condo fee of $496.25 includes, heat, hydro and water. Currently tenant-occupied. ****No interior photos are available due to being tenanted****
573 Mornington Ave 408, London
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1
BATHS
$169,900
FOR SALE
Large 2 bed unit with a big balcony. Priced well below market value. Seller will only consider offers where the buyer assumes the tenant - no exceptions (once a buyer takes possession of the property you're free to serve notice for vacant possession). Tenant moved in May 1, 2017 and is currently renting on a month-to-month basis at $927.60/mth. Rent was last increased on Sept 1/23. Family friendly neighbourhood surrounded by mature trees and grass area. Walking distance to all the shopping at the corner of Oxford and Highbury and easy access to Fanshawe College with the bus stop at your door. Property tax is $1388/yr. Condo fee is $652/mth which includes heat, hydro, water. No Pictures available. Viewing by appointment only.
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