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Property Description
Location! Location! Location! This spacious condo in North West London is looking for a new owner to love it. These units don't come up often and it's easy to see why this building/area is so desirable. Offering so much convenience with walking distance to gyms, multiple grocery stores, retaurants/entertainment, medical offices, costco! and virtually every other amenity you can think of. You can forego having a vehicle due to the effotlessness of public transit with mulitple bus stops located right outside the building. Easily take a bus to Western Univerity/University hospital, Fanshawe college, downtown or anywhere else in the city. As you enter this welcoming unit, you're greeted with several updates throughout and loads of natural light. To the left, you have a huge living room covered in lovely light coloured laminate and another large area that is great for a office especially if you work from home. This area then wraps around to the dinning room which offers a great view of the city from the 8th floor. The kitchen is bright and offers lots of cabinetry and is the perfect size for all your needs. The bedroom is spacious with ample closet storage. The 4 piece bathroom has been updated and includes a beautiful vanity with a quartz countertop. Other updates include a refreshed kitchen, new dishwasher, updated bathroom, AC & Heating unit compressor new July 2023. In-suite laundry & water included in the low condo fee of $237/month.Vistor parking available and one exclusive parking spot included with the ability to rent a second exclusive spot from the management compnay for $25/month. This unit is perfect for first-time home buyers/investors or those looking to downsize. This one won't last long!
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Property Details
Street
Community
City
Property Type
Condo Apt, Other
Approximate Sq.Ft.
800-899
Taxes
$1,856 (2023)
Basement
None
Exterior
Concrete, Metal/Side
Heat Type
Water
Heat Source
Electric
Air Conditioning
Central Air
Garage Type
Outside/Surface
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London Market Statistics
London Price Trend
570 Proudfoot Lane 812 is a 1-bedroom 1-bathroom condo listed for sale at $349,900, which is $24,734 (7.6%) higher than the average sold price of $325,166 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 1 bedroom condo in London declined by $23,814 (6.8%) compared to the previous 30 day period (March 15 - April 13) and up $5,166 (1.6%) from the same time one year ago.Inventory Change
There were 14 1-bedroom condos listed in London over the last 30 days (April 14 - May 13), which is up 27.3% compared with the previous 30 day period (March 15 - April 13) and up 250.0% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in London typically sold ($8,088) (2.5%) below asking price over the last 30 days (April 14 - May 13), which represents a $4,851 increase compared to the previous 30 day period (March 15 - April 13) and ($8,500) 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 (April 14 - May 13) stood at 64.3%, up from 45.5% over the previous 30 days (March 15 - April 13) and up from 25.0% 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 46 days when successfully sold over the last 30 days (April 14 - May 13), compared to 32 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 First Canadian Corp., Brokerage
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