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Property Description
An exciting opportunity in London, Ontario to acquire a spacious, Old North home boasting a large private backyard with southern exposure. Ideally located within the sought-after school catchments of Old North Public School and Central Secondary School, and a short walk to a direct bus line to be on Western University campus or at hospital in under 20 minutes. Built in 1955, this lovely 3 bedroom/3 full bath multi-level home has over 2200 sq ft of finished living space and is situated on a quiet one block long street. The property boasts a frontage of 58' with a depth of 144' and has an attached 1.5 car garage with inside entry. The light-filled interior features a spacious eat-in kitchen with granite countertops, a living room with a wood burning fireplace and a large rear addition where you will find a dining area and family room. (This space could be easily converted to 2 additional bedrooms.) Both the family room and living room have garden doors which provide direct access to the beautifully landscaped rear yard, patio and gazebo. Other value-added features are a finished recreation room on the lower level as well as a four-piece ensuite bathroom adjacent to the primary bedroom. There is plenty of parking on the private double wide cement driveway. You will love living in this coveted North London neighbourhood known for its tree-lined streets and character homes. Great walkability to shops, services, public transit, the Thames Valley Parkway trails, Kings College and Western U.
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Property Features
Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, Sidesplit 4
Lot Size
58' x 144'
Acreage
< .50
Fronting
South
Taxes
$6,796 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 11.88' x 12.66' | Granite Counter, B/I Dishwasher, Tile Floor |
Breakfast | Main | 8.53' x 13.75' | B/I Shelves, Tile Floor |
Dining | Main | 11.09' x 13.22' | Broadloom |
Living | Main | 18.57' x 13.22' | Fireplace, Hardwood Floor, Large Window |
Family | Main | 13.32' x 20.21' | Broadloom |
Br | Main | 10.99' x 10.30' | Closet |
Prim Bdrm | Main | 14.01' x 10.73' | 5 Pc Ensuite |
Br | Main | 9.02' x 9.78' | Closet |
Laundry | Lower | 11.42' x 8.37' | |
Rec | Lower | 19.85' x 16.93' | |
Other | Lower | 11.58' x 17.03' |
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London Market Statistics
London Price Trend
571 Lambton St is a 3-bedroom 3-bathroom home listed for sale at $729,900, which is $114,733 (18.7%) higher than the average sold price of $615,167 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 3 bedroom home in London declined by $14,070 (2.2%) compared to the previous 30 day period (November 19 - December 18) and down $24,833 (3.9%) from the same time one year ago.Inventory Change
There were 138 3-bedroom homes listed in London over the last 30 days (December 19 - January 17), which is down 19.3% compared with the previous 30 day period (November 19 - December 18) and up 1,154.5% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($29,447) (4.8%) below asking price over the last 30 days (December 19 - January 17), which represents a $15,999 decrease compared to the previous 30 day period (November 19 - December 18) and ($14,000) 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 3-bedroom homes in London over the last 30 days (December 19 - January 17) stood at 117.4%, up from 101.8% over the previous 30 days (November 19 - December 18) and down from 190.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in London stood at 38 days when successfully sold over the last 30 days (December 19 - January 17), compared to 82 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group - Select Realty
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