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BEDROOMS1
BATHROOMS1
KITCHENS5
ROOMSX8259360
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Property Description
1 bedroom unit on the 11th floor (penthouse suite) at "Sunrise Condos" with big covered balcony (gas BBQs allowed). Family friendly neighbourhood, surrounded by mature trees and green space, walking distance to all the great shopping at the corner of Oxford and Highbury. Long Term tenant rent potential ($1,450 per month) is $730.13 per month, however tenant has stated they would like to stay and could pay upto $1450 per month. Property tax is $1194.74/yr. ALL-INCLUSIVE condo fee is $496.25/mth includes heat, hydro, water & one parking space.Seller will only consider offers that include the buyer assuming the tenant - no exceptions.
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Property Details
Street
Community
City
Property Type
Condo Apt, Other
Approximate Sq.Ft.
600-699
Taxes
$1,195 (2022)
Exterior
Concrete
Heat Included
Yes
Heat Type
Water
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
None
Parking Spaces
1
Garage Type
Outside/Surface
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.01' x 16.01' | |
| Dining | Main | 10.01' x 12.01' | |
| Kitchen | Main | 6.99' x 8.99' | |
| Br | Main | 10.01' x 12.83' |
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London Market Statistics
London Price Trend
573 Mornington Ave 1106 is a 1-bedroom 1-bathroom condo listed for sale at $179,900, which is $145,364 (44.7%) lower than the average sold price of $325,264 in the last 30 days (April 4 - May 3). During the last 30 days the average sold price for a 1 bedroom condo in London declined by $10,986 (3.3%) compared to the previous 30 day period (March 5 - April 3) and up $5,264 (1.6%) from the same time one year ago.Inventory Change
There were 17 1-bedroom condos listed in London over the last 30 days (April 4 - May 3), which is up 240.0% compared with the previous 30 day period (March 5 - April 3) and up 1,600.0% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in London typically sold ($5,735) (1.8%) below asking price over the last 30 days (April 4 - May 3), which represents a $11,739 increase compared to the previous 30 day period (March 5 - April 3) 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 4 - May 3) stood at 82.4%, up from 80.0% over the previous 30 days (March 5 - April 3) and down from 100.0% 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 29 days when successfully sold over the last 30 days (April 4 - May 3), compared to 32 days before being removed from the market upon being suspended or terminated.Listing contracted with Nu-Vista Premiere Realty Inc., Brokerage
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