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Property Description
THIS IS THE ONE THAT YOU HAVE BEEN WAITING FOR! Stunning turn-key DUPLEX located in the heart of the historic Woodfeld district. This beautifully maintained property has been renovated from top to bottom without losing any of its original character and charm. An amazing investment opportunity offering a lucrative return on investment. Perfect for an owner occupied. Live in one unit and have the tenant pay your mortgage! Both units feature high ceilings, stained glass windows, impressive woodwork and gleaming hardwood fooring throughout. Updated kitchens with newer appliances included. Main foor 3 bedroom unit currently rented for $2,400/month plus hydro. Upper foor 2 bedroom unit currently rented for $2,100/month plus hydro. Both A+ tenants. Basement currently rented as storage for $200/month. Convenient in suite laundry. Separate entrances for additional privacy between units. Oversized private concrete driveway with parking for 3 cars. Zoning: R3-2, OC2 permits for a variety of uses including commercial opportunities. Ideally located within close proximity to great schools, restaurants, public transit, Canada Life Place, Fanshawe College-Downtown Campus, Victoria Park and great shopping along Richmond Row. Time to stop thinking about owning income property and fnally call yourself an investor. Do not miss this opportunity to build your real estate portfolio!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2023-10-19 | 2024-02-19 | 123 | $799,900 | - | Expired |
2021-11-25 | 2022-01-25 | 61 | $774,900 | - | Expired |
Property Features
Fenced Yard
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
33' x 165'
Acreage
< .50
Lot Irregularities
165.58FT X 33.08FT X 165.58FT X 33.04FT
Fronting
West
Taxes
$5,003 (2024)
Basement
Part Bsmt, Unfinished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Other
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 14.34' x 12.50' | |
Kitchen | Main | 12.50' x 12.60' | |
Prim Bdrm | Main | 11.42' x 12.50' | |
Br | Main | 10.07' x 12.07' | |
Br | Main | 7.74' x 14.07' | |
Laundry | Main | 5.84' x 11.91' | |
Family | 2nd | 12.50' x 15.42' | |
Kitchen | 2nd | 8.17' x 13.32' | |
Prim Bdrm | 2nd | 12.07' x 12.50' | |
Br | 2nd | 7.68' x 10.66' | |
Bathroom | 2nd | 4.76' x 7.15' | |
Laundry | 2nd | 8.23' x 7.15' |
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London Market Statistics
London Price Trend
578 WATERLOO St is a 5-bedroom 2-bathroom home listed for sale at $819,900, which is $412,100 (33.4%) lower than the average sold price of $1,232,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 5 bedroom home in London increased by $332,675 (37.0%) compared to the previous 30 day period (December 22 - January 20) and up $838,846 (213.4%) from the same time one year ago.Inventory Change
There were 23 5-bedroom homes listed in London over the last 30 days (January 21 - February 19), which is up 64.3% compared with the previous 30 day period (December 22 - January 20) and up 666.7% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in London typically sold ($75,920) (6.2%) below asking price over the last 30 days (January 21 - February 19), which represents a $30,572 decrease compared to the previous 30 day period (December 22 - January 20) and ($8,083) 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 5-bedroom homes in London over the last 30 days (January 21 - February 19) stood at 21.7%, down from 57.1% over the previous 30 days (December 22 - January 20) and down from 50,200.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 2-bathroom home in London stood at 51 days when successfully sold over the last 30 days (January 21 - February 19), compared to 100 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 First Canadian Corp.
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