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BEDROOMS1
BATHROOMS1
KITCHENS5
ROOMSX8284950
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Property Description
Well-kept two bedroom unit in the 10th floor. This unit offers white kitchen with fridge and stove, two good size bedrooms with laminate floors, each with two closets, 4 pc bathroom, two linen closets, and very spacious living room/dining room with Laminate floors and access to large balcony (gas BBQ's allowed). East facing unit. Located close to Oxbury Mall and walking distance to bus stop. The building has gone through many upgrades in the past years: windows, patio doors and balcony railings, hallway flooring, lighting, painting, entryway, lobbies and laundry rooms. Affordable living or investment property. Property tax is approximate $1,426.17 (2023) annually, ALL-INCLUSIVE Condo fee is $636.48/month includes heat, hydro, water. This unit is currently rented at $1,451 and the Tenant is Month to month.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-02-23 | 2021-04-02 | 38 | $1,399 | $1,399 | Leased |
| 2020-11-23 | 2020-12-04 | 11 | $189,900 | $200,500 | Sold |
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Property Details
Street
Community
City
Property Type
Condo Apt, Other
Approximate Sq.Ft.
800-899
Taxes
$1,416 (2023)
Basement
None
Exterior
Brick, Stucco/Plaster
Heat Included
Yes
Heat Type
Water
Heat Source
Other
Hydro Included
Yes
Air Conditioning
None
Parking Spaces
1
Garage Type
Outside/Surface
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London Market Statistics
London Price Trend
573 Mornington Ave 1004 is a 2-bedroom 1-bathroom condo listed for sale at $239,900, which is $198,743 (45.3%) lower than the average sold price of $438,643 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 2 bedroom condo in London declined by $131,785 (23.1%) compared to the previous 30 day period (March 15 - April 13) and down $91,357 (17.2%) from the same time one year ago.Inventory Change
There were 55 2-bedroom condos listed in London over the last 30 days (April 14 - May 13), which is up 150.0% compared with the previous 30 day period (March 15 - April 13) and up 1,000.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in London typically sold ($11,282) (2.6%) below asking price over the last 30 days (April 14 - May 13), which represents a $2,449 decrease compared to the previous 30 day period (March 15 - April 13) 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 14 - May 13) stood at 74.5%, down from 95.5% over the previous 30 days (March 15 - April 13) and down from 160.0% 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 37 days when successfully sold over the last 30 days (April 14 - May 13), compared to 52 days before being removed from the market upon being suspended or terminated.Listing contracted with Thrive Realty Group Inc.
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