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Property Description
Ideal for first time buyer , Renovated in 2020! Beautiful property close to Downtown London, Shopping Centres and Restaurants. This home features 5 bedrooms with 3 full washrooms. Presenting Renting at $3,250 to AAA Tenants. Vacant Possession Available. The main floor has two bedrooms with a good size living area and a bright, modern kitchen. New stainless steel appliances, quartz counters, cabinets, ac, flooring , paint and all washrooms,led pot lights , updated plumbing and electrical and much more. The second floor features a master bedroom with an attached ensuite. The basement is spacious with two large bedrooms and another full washroom. Huge driveway that can fit up to 4 cars. Big and deep backyard for children to play.
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Lot Size
42' x 126'
Fronting
West
Taxes
$2,500 (2024)
Basement
Apartment
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Other
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London Market Statistics
London Price Trend
7 Lyman St is a 3-bedroom 3-bathroom home listed for sale at $699,900, which is $77,366 (12.4%) higher than the average sold price of $622,534 in the last 30 days (December 8 - January 6). During the last 30 days the average sold price for a 3 bedroom home in London increased by $1,420 (0.2%) compared to the previous 30 day period (November 8 - December 7) and up $22,534 (3.8%) from the same time one year ago.Inventory Change
There were 77 3-bedroom homes listed in London over the last 30 days (December 8 - January 6), which is down 63.2% compared with the previous 30 day period (November 8 - December 7) and up 600.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($15,638) (2.5%) below asking price over the last 30 days (December 8 - January 6), which represents a $6,115 decrease compared to the previous 30 day period (November 8 - December 7) and ($19,000) 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 3-bedroom homes in London over the last 30 days (December 8 - January 6) stood at 137.7%, up from 92.8% over the previous 30 days (November 8 - December 7) and down from 172.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in London stood at 30 days when successfully sold over the last 30 days (December 8 - January 6), compared to 80 days before being removed from the market upon being suspended or terminated.Listing contracted with Lifetime Realtors Inc.
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