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BEDROOMS1
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ROOMSX9387652
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Property Description
Large 2 bed unit with a big balcony. Seller will only consider offers where the buyer assumes the tenant - no exceptions (once a buyer takes possession of the property you're free to serve notice for vacant possession). Tenant moved in May 1, 2017 and is currently renting on a month-to-month basis at $927.60/mth. Rent was last increased on Sept 1/23. Family friendly neighbourhood surrounded by mature trees and grass area. Walking distance to all the shopping at the corner of Oxford and Highbury and easy access to Fanshawe College with the bus stop at your door. Property tax is $1388/yr. Condo fee is $636/mth which includes heat, hydro, water. No Pictures available. Viewing by appointment only. Priced well below recent sales for units of the same size.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-26 | 2024-10-05 | 72 | $169,900 | - | Expired |
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$1,388 (2023)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Baseboard
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Common
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 16.01' x 16.40' | |
| Kitchen | Flat | 12.01' x 6.99' | |
| 2nd Br | Flat | 10.01' x 14.01' | |
| Br | Flat | 8.99' x 10.99' |
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London Market Statistics
London Price Trend
573 Mornington Ave 408 is a 2-bedroom 1-bathroom condo listed for sale at $169,900, which is $277,871 (62.1%) lower than the average sold price of $447,771 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 2 bedroom condo in London increased by $82,459 (22.6%) compared to the previous 30 day period (September 1 - September 30) and up $132,771 (42.1%) from the same time one year ago.Inventory Change
There were 69 2-bedroom condos listed in London over the last 30 days (October 1 - October 30), which is up 6.2% compared with the previous 30 day period (September 1 - September 30) and up 1,050.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in London typically sold ($13,999) (3.1%) below asking price over the last 30 days (October 1 - October 30), which represents a $3,613 decrease compared to the previous 30 day period (September 1 - September 30) and ($14,900) 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 (October 1 - October 30) stood at 40.6%, up from 36.9% over the previous 30 days (September 1 - September 30) and up from 16.7% 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 48 days when successfully sold over the last 30 days (October 1 - October 30), compared to 73 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group - Select Realty
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