57 Adelaide St N

East K, London, N6B 3G5
FOR SALE
$539,900
57 Adelaide St N, London
57 Adelaide St N
57 Adelaide St N
57 Adelaide St N
57 Adelaide St N
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4 + 1
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
6 + 3
ROOMS
X8460346
MLSID
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Property Description
Discover the perfect blend of ownership pride and investment potential with this THOROUGHLY UPGRADED freehold bungalow. Ideal for owner-occupiers or investors seeking Airbnb opportunities, this property boasts a prime location just minutes from Downtown, business offices, shopping centers, city transit, and an array of amenities. Offering a user friendly Layout at main level, 4 beds, 1.5 bathrooms, 1 kitchen, and 1 family room provides ample living space. A single detached garage and a 3-lane driveway offer plenty of parking, while a sunroom provides a cozy spot for relaxation and coffee breaks. A comprehensive renovation completed in Summer 2022 includes a new hot water tank, new wiring and electric panel from an ESA certified contractor, updated plumbing, fresh paint, new kitchens, new flooring, and a fully finished basement area boasting 1 Bedroom, 1 Kitchen, 1 Bath and Living Room with a side entrance. A new garage door was added in 2023. New AC wiring was added for AC installation. All rooms can be individually keyed if necessary. The utility room offers a vast space for extra storage or a second set of laundry as needed. The upgraded features make this home ideal for personal use or as a lucrative addition to your investment portfolio. With its competitive pricing, this property is a remarkable opportunity. Property is vacant and easy to show. Schedule a showing today to make this exceptional home yours!
Property Features
Clear View, Park, River/Stream
Property Details
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
34' x 111'
Acreage
< .50
Lot Irregularities
112.44ft x 34.04 ft x110.60 ft x34.08 ft
Fronting
West
Taxes
$2,060 (2023)
Basement
Finished, Sep Entrance
Exterior
Brick, Brick Front
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Other
Water
Municipal
Parking Spaces
3
Driveway
Lane
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
LivingMain12.50' x 12.01', Vinyl Floor
Powder RmMain4.59' x 3.94'Tile Floor, 2 Pc Bath
Prim BdrmMain10.20' x 12.34'Vinyl Floor
2nd BrMain8.46' x 7.97'Vinyl Floor
3rd BrMain11.15' x 7.97'Vinyl Floor
KitchenMain8.92' x 8.04'Eat-In Kitchen, Vinyl Floor
4th BrMain18.44' x 11.98', Vinyl Floor
FamilyBsmt11.32' x 12.27'
BathroomBsmt10.43' x 5.71'3 Pc Bath, Tile Floor
5th BrBsmt12.60' x 11.12'
KitchenBsmt12.50' x 7.28'Vinyl Floor
London Market Statistics
London Price Trend
57 Adelaide St N is a 4-bedroom 3-bathroom home listed for sale at $539,900, which is $380,366 (41.3%) lower than the average sold price of $920,266 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 4 bedroom home in London increased by $30,992 (3.5%) compared to the previous 30 day period (July 17 - August 15) and up $88,266 (10.6%) from the same time one year ago.
Inventory Change
There were 141 4-bedroom homes listed in London over the last 30 days (August 16 - September 14), which is up 18.5% compared with the previous 30 day period (July 17 - August 15) and up 422.2% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($42,134) (4.6%) below asking price over the last 30 days (August 16 - September 14), which represents a $19,974 decrease compared to the previous 30 day period (July 17 - August 15) and ($30,444) 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 (August 16 - September 14) stood at 49.6%, down from 58.0% over the previous 30 days (July 17 - August 15) and up from 29.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in London stood at 39 days when successfully sold over the last 30 days (August 16 - September 14), compared to 72 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Triland Realty
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