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Property Description
Welcome to 583 Mornington Avenue, in London's east end within walking distance to Fanshawe College and various amenities. This 2 bedroom apartment features one full bathroom, a spacious living / dining space that flows to the kitchen. The monthly maintenance fee includes your heat, hydro and water.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-11-26 | 2024-12-02 | 6 | $1,800 | - | Terminated |
| 2022-03-02 | 2022-03-05 | 3 | $249,900 | $330,000 | Sold |
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$1,620 (2023)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Baseboard
Heat Source
Electric
Hydro Included
Yes
Air Conditioning
None
Parking 1
Common
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 12.01' x 6.99' | |
| Living | Main | 16.01' x 16.40' | |
| Br | Main | 10.01' x 14.01' | |
| 2nd Br | Main | 8.99' x 10.99' |
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London Market Statistics
London Price Trend
583 Mornington Ave 1108 is a 2-bedroom 1-bathroom condo listed for sale at $259,999, which is $182,834 (41.3%) lower than the average sold price of $442,833 in the last 30 days (November 4 - December 3). During the last 30 days the average sold price for a 2 bedroom condo in London declined by $60,150 (12.0%) compared to the previous 30 day period (October 5 - November 3) and up $131,333 (42.2%) from the same time one year ago.Inventory Change
There were 65 2-bedroom condos listed in London over the last 30 days (November 4 - December 3), which is down 1.5% compared with the previous 30 day period (October 5 - November 3) and up 3,150.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in London typically sold ($13,570) (3.1%) below asking price over the last 30 days (November 4 - December 3), which represents a $2,271 increase compared to the previous 30 day period (October 5 - November 3) and $1,521 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 2-bedroom condos in London over the last 30 days (November 4 - December 3) stood at 41.5%, up from 36.4% over the previous 30 days (October 5 - November 3) and down from 50.0% 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 (November 4 - December 3), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 First Canadian Corp.
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