7 Carfrae Cres

North F, London, N6C 4A8
FOR SALE
$534,900
7 Carfrae Cres, London
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3
BEDROOMS
2
BATHROOMS
1
KITCHENS
9
ROOMS
X9353195
MLSID
Contact Us
Property Description
Cute as a button! This licensed duplex is centrally located between Old South and Downtown London, making accessibility a breeze. Two above grade units with parking for both make this an ideal investment opportunity, or chance for a Buyer to affordably live in one unit while renting the other to offset those mortgage payments. Both units enjoy their own entry, as well as shared laundry and storage in the lower level. Unit A ($1998/month) includes a bright sunroom/mudroom, cozy livingroom with fireplace (not used), and functional kitchen with dishwasher, chic open shelving, and access to the backyard. Upstairs offers two good sized bedrooms with lots of natural light, as well as a full bathroom and ample storage space. Unit B has been recently updated and is vacant, with projected rent of $1500/month. Filled with sunlight, this unit includes a cozy sunroom, bright, freshly painted living room, neutral kitchen with white cabinetry, full bathroom with tiled tub surround, and a bedroom with patio door access to the rear deck. Other updates include: washer/dryer (2023). Updated AC (2018), shingles on front replaced (2023). Two parking spaces at rear of property, with up to date rental license. NOI: $35,000
Property Features
Park, Public Transit, River/Stream, School, School Bus Route
Property Details
Community
City
Property Type
Duplex, 1 1/2 Storey
Lot Size
33' x 124'
Fronting
West
Taxes
$3,362 (2023)
Basement
Unfinished
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Mutual
Garage Type
None
London Market Statistics
London Price Trend
7 Carfrae Cres is a 3-bedroom 2-bathroom home listed for sale at $534,900, which is $83,562 (13.5%) lower than the average sold price of $618,462 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 3 bedroom home in London declined by $25,872 (4.0%) compared to the previous 30 day period (July 20 - August 18) and down $658 (0.1%) from the same time one year ago.
Inventory Change
There were 246 3-bedroom homes listed in London over the last 30 days (August 19 - September 17), which is up 28.1% compared with the previous 30 day period (July 20 - August 18) and up 459.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($11,777) (1.9%) below asking price over the last 30 days (August 19 - September 17), which represents a $1,409 decrease compared to the previous 30 day period (July 20 - August 18) and ($4,904) 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 3-bedroom homes in London over the last 30 days (August 19 - September 17) stood at 77.2%, down from 91.7% over the previous 30 days (July 20 - August 18) and up from 56.8% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in London stood at 29 days when successfully sold over the last 30 days (August 19 - September 17), compared to 64 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Centre City Realty Inc.
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