702 Adelaide St N

London, N5Y 2L5
FOR SALE
$445,900
702 Adelaide St N, London
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
702 Adelaide St N
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Property Description
Welcome to 702 Adelaide St N, an enticing prospect for investors and first-time homebuyers alike. This fully renovated bungalow, boasting soaring ceilings, is nestled in the vibrant Old East Village, surrounded by local businesses, shops, and dining options.This property offers convenience with three parking spots at the rear and a generously proportioned yard. Extensively updated, it features a contemporary bathroom, durable commercial vinyl flooring throughout, and an air conditioner installed in 2020. Updated insulation in the same year ensures energy efficiency, while a freshly painted interior in 2021 adds a modern touch.Further enhancing its appeal, the basement has been refurbished with concrete in 2018 and waterproofed, offering additional living or rental space. Equipped with four appliances dating from 2018 and a hot water tank replaced in 2020, this home also features convenient main floor laundry facilities.But that's not all - this property includes a walk-up basement, fully studded and wired, ready to be finished, providing potential for expansion and additional rental income. The flexibility of the space allows customization to suit your needs, whether for extended family living or as a separate rental unit.Creative solutions are available for investors or first-time homebuyers, including Vendor Take Back (VTB) financing. Don't miss out on this remarkable opportunity. Schedule a visit today and prepare to be enchanted by the potential of 702 Adelaide St N. London
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-01-29 2024-05-22 114 $449,900 - Terminated
2021-08-30 2021-09-11 12 $399,000 $370,000 Sold
Property Details
City
Property Type
Detached, Bungalow-Raised
Approximate Sq.Ft.
1100-1500
Lot Size
29' x 149'
Acreage
< .50
Fronting
East
Taxes
$3,039 (2023)
Basement
Part Bsmt
Exterior
Stucco/Plaster, Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Available
Garage Type
None
Room Summary
RoomLevelSizeFeatures
BrGround10.10' x 11.48'
2nd BrGround7.94' x 9.71'
3rd Br3rd7.94' x 9.71'
4th BrGround11.32' x 14.50'
LivingGround11.32' x 18.90'
FoyerGround6.56' x 11.32'
London Market Statistics
London Price Trend
702 Adelaide St N is a 1-bedroom 1-bathroom home listed for sale at $445,900, which is $45,900 (11.5%) higher than the average sold price of $400,000 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 1 bedroom home in London declined by $240,125 (37.5%) compared to the previous 30 day period (July 21 - August 19) and up $40,000 (11.1%) from the same time one year ago.
Inventory Change
There were 6 1-bedroom homes listed in London over the last 30 days (August 20 - September 18), which is up 50.0% compared with the previous 30 day period (July 21 - August 19) and up compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom homes in London typically sold ($9,900) (2.5%) below asking price over the last 30 days (August 20 - September 18), which represents a $150,125 decrease compared to the previous 30 day period (July 21 - August 19) and ($39,999) 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 1-bedroom homes in London over the last 30 days (August 20 - September 18) stood at 16.7%, down from 25.0% over the previous 30 days (July 21 - August 19) and down from one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom home in London stood at 104 days when successfully sold over the last 30 days (August 20 - September 18), compared to 24 days before being removed from the market upon being suspended or terminated.
Listing contracted with Nu-Vista Premiere Realty Inc.
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