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Property Description
Welcome to 583 Mornington Ave, minutes away from Fanshawe College and various amenities within walking distance. Easy commuting with the convenience of bus routes close by. This property is now vacant and ready for it's new owner.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-03-14 | 2022-03-25 | 11 | $279,900 | $330,000 | Sold |
| 2020-03-20 | 2020-05-09 | 52 | $1,275 | $1,275 | Leased |
| 2020-02-14 | 2020-02-24 | 14 | $163,900 | $165,000 | Sold |
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$1,463 (2023)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Baseboard
Heat Source
Electric
Hydro Included
Yes
Air Conditioning
None
Elevator
Yes
Parking Spaces
1
Parking 1
Common
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 7.91' x 11.58' | |
| Living | Main | 16.50' x 18.34' | |
| Br | Main | 11.09' x 11.32' | |
| Prim Bdrm | Main | 10.66' x 14.67' |
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London Market Statistics
London Price Trend
583 Mornington Ave 1004 is a 2-bedroom 1-bathroom condo listed for sale at $270,000, which is $108,571 (28.7%) lower than the average sold price of $378,571 in the last 30 days (September 17 - October 16). During the last 30 days the average sold price for a 2 bedroom condo in London declined by $34,495 (8.4%) compared to the previous 30 day period (August 18 - September 16) and up $63,571 (20.2%) from the same time one year ago.Inventory Change
There were 67 2-bedroom condos listed in London over the last 30 days (September 17 - October 16), which is up 19.6% compared with the previous 30 day period (August 18 - September 16) and up 1,240.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in London typically sold ($13,863) (3.7%) below asking price over the last 30 days (September 17 - October 16), which represents a $10,379 decrease compared to the previous 30 day period (August 18 - September 16) and ($24,000) 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 (September 17 - October 16) stood at 41.8%, down from 53.6% over the previous 30 days (August 18 - September 16) and down from 60.0% 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 46 days when successfully sold over the last 30 days (September 17 - October 16), compared to 80 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 First Canadian Corp.
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