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Property Description
Excellent residential/commercial opportunity (live in or investment) close to downtown for under $400,000! Flexible floor plan with up to 4bedrooms (one or main), 3 pieces bath upstairs & main floor laundry facilities. 2 front boulevard spaces leased from City of London & lots ofadditional street parking on Princess. (2 spots in front of house. Also viable as residential/commercial. AC-2 zoning permits multiple usespleasecheck with City of London. Previously used on a long term basis as a law & a phychologists office. Note that property is currently taxed atthe commercial mill rate; application has been made to the City to tax at residential mill rate.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-19 | 2024-10-18 | 91 | $384,999 | - | Expired |
| 2024-05-14 | 2024-07-20 | 67 | $399,999 | - | Terminated |
| 2023-07-24 | 2023-09-25 | 62 | $399,900 | - | Expired |
| 2023-05-22 | 2023-07-23 | 61 | $399,900 | - | Expired |
| 2016-09-12 | 2016-12-12 | 91 | $199,900 | - | Expired |
| 2023-09-27 | 2023-11-30 | 64 | $399,900 | - | Expired |
| 2023-03-20 | 2023-05-18 | 59 | $410,000 | - | Terminated |
| 2016-12-13 | 2017-02-28 | 77 | $184,900 | - | Terminated |
Extras
Dryer, Refrigerator, Stove, Washer
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
1100-1500
Lot Size
25' x 73'
Acreage
< .50
Fronting
South
Taxes
$5,068 (2023)
Basement
Part Bsmt, Unfinished
Exterior
Vinyl Siding
Heat Type
Baseboard
Heat Source
Other
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Main | 6.00' x 17.75' | |
| Living | Main | 12.40' x 15.49' | Fireplace |
| Dining | Main | 12.40' x 14.24' | |
| Kitchen | Main | 11.32' x 12.40' | |
| Br | Main | 9.51' x 18.93' | |
| Br | 2nd | 6.59' x 9.68' | |
| Br | 2nd | 8.83' x 12.60' | |
| Br | 2nd | 8.43' x 14.40' |
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London Market Statistics
London Price Trend
607 PRINCESS Ave is a 4-bedroom 2-bathroom home listed for sale at $384,888, which is $497,637 (56.4%) lower than the average sold price of $882,525 in the last 30 days (October 23 - November 21). During the last 30 days the average sold price for a 4 bedroom home in London increased by $7,286 (0.8%) compared to the previous 30 day period (September 23 - October 22) and down $88,675 (9.1%) from the same time one year ago.Inventory Change
There were 144 4-bedroom homes listed in London over the last 30 days (October 23 - November 21), which is down 0.7% compared with the previous 30 day period (September 23 - October 22) and up 700.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($25,814) (2.9%) below asking price over the last 30 days (October 23 - November 21), which represents a $5,483 decrease compared to the previous 30 day period (September 23 - October 22) and ($14,560) 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 4-bedroom homes in London over the last 30 days (October 23 - November 21) stood at 65.3%, up from 43.4% over the previous 30 days (September 23 - October 22) and up from 27.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in London stood at 33 days when successfully sold over the last 30 days (October 23 - November 21), compared to 70 days before being removed from the market upon being suspended or terminated.Listing contracted with Iqi Global Real Estate
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