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Property Description
Welcome to this beautifully updated legal duplex located in the heart of Old East Village, one of the city's most vibrant and eclectic neighbourhoods. This property offers an exceptional opportunity for both homeowners and investors, blending modern updates with charm and functionality. The main floor has been thoughtfully updated throughout, featuring two bedrooms and one-and-a-half bathrooms. This unit also includes exclusive access to a finished basement with a large bonus room, offering endless possibilities for use as a home office, recreational space, or additional living area. Enjoy a beautiful, large, fully-fenced backyard in the summer perfect for the kids or pets. This unit is vacant and ready for new tenants. The tenant-occupied upper unit provides immediate rental income, featuring a private balcony, two bedrooms, and one bathroom. Situated in the heart of OEV, this property is steps away from local cafes, shops, restaurants, and all the energy this beloved neighbourhood has to offer. Whether you're looking to invest or settle into a home with built-in rental income, this legal duplex is a rare find that's not to be missed.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2011-10-04 | 2011-11-21 | 49 | $195,900 | $192,000 | Sold |
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Lot Size
28' x 150'
Fronting
North
Taxes
$3,398 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 13.32' x 12.07' | |
Dining | Main | 10.30' x 14.60' | |
Br | Main | 10.79' x 8.20' | |
2nd Br | Main | 7.22' x 11.81' | |
Kitchen | Main | 12.86' x 10.63' | |
Living | 2nd | 19.59' x 11.48' | |
Br | 2nd | 8.66' x 9.22' | |
2nd Br | 2nd | 8.66' x 9.71' | |
Kitchen | 2nd | 11.09' x 27.26' | |
Living | Bsmt | 18.70' x 19.55' | |
Br | Bsmt | 18.70' x 13.45' |
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London Market Statistics
London Price Trend
666 Lorne Ave is a 4-bedroom 3-bathroom home listed for sale at $599,999, which is $301,024 (33.4%) lower than the average sold price of $901,023 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 4 bedroom home in London increased by $14,663 (1.7%) compared to the previous 30 day period (November 19 - December 18) and up $51,123 (6.0%) from the same time one year ago.Inventory Change
There were 111 4-bedroom homes listed in London over the last 30 days (December 19 - January 17), which is down 15.9% compared with the previous 30 day period (November 19 - December 18) and up 825.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($36,240) (4.0%) below asking price over the last 30 days (December 19 - January 17), which represents a $13,234 decrease compared to the previous 30 day period (November 19 - December 18) and ($29,000) 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 (December 19 - January 17) stood at 77.5%, up from 53.0% over the previous 30 days (November 19 - December 18) and down from 91.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in London stood at 52 days when successfully sold over the last 30 days (December 19 - January 17), compared to 90 days before being removed from the market upon being suspended or terminated.Listing contracted with The Realty Firm Inc.
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