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Property Description
Fantastic Turnkey Investment Opportunity! This well-maintained 2+2 bedroom, 2 bathroom home is situated on a spacious, mature lot. The inviting living and dining area features original hardwood throughout, extending into the main floor bedrooms, and a large bay window that floods the space with natural light. The updated kitchen boasts stainless steel appliances, including a gas stove, a generous pantry, and a beautiful diamond-patterned tile layout perfect for the home chef. Enjoy the spacious backyard with a concrete patio area just off the kitchen, perfect for outdoor entertaining. With parking for 3 cars and two sheds for extra storage, this home offers plenty of convenience and space. The finished basement provides additional living and storage space, including a large utility room with laundry. A separate entrance to the basement adds potential for a granny suite or separate rental unit. Currently leased at $2435/month plus utilities, lease September 2024-September 2025, buyer must assume tenants, providing immediate cashflow. Located just minutes from Western University, Fanshawe College, downtown, and shopping, this home offers unbeatable accessibility. Updates include main floor windows and steel doors, new flooring in the basement living room, and a brand-new furnace (2024). Don't miss this prime investment in a highly sought-after area!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2002-04-03 | 2002-05-31 | 63 | $107,000 | - | Expired |
2020-07-03 | 2020-07-10 | 10 | $309,900 | $412,500 | Sold |
Extras
FRIDGE, STOVE, DISHWAHER, WASHER & DRYER
Property Features
Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
50' x 132'
Acreage
< .50
Fronting
North
Taxes
$2,600 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Front Yard
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 11.84' x 15.12' | Hardwood Floor |
Kitchen | Main | 9.06' x 19.26' | Combined W/Dining |
Prim Bdrm | Main | 10.86' x 10.30' | |
2nd Br | Main | 9.09' x 11.29' | |
Bathroom | Main | 6.40' x 6.63' | 4 Pc Bath |
3rd Br | Bsmt | 8.66' x 10.01' | |
4th Br | Bsmt | 8.92' x 11.58' | |
Living | Bsmt | 11.42' x 26.02' | |
Bathroom | Bsmt | 6.04' x 7.45' | 3 Pc Bath |
Laundry | Bsmt | 9.38' x 14.04' | |
Utility | Bsmt | 4.95' x 9.25' |
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London Market Statistics
London Price Trend
74 Barker St is a 2-bedroom 2-bathroom home listed for sale at $499,900, which is $36,612 (6.8%) lower than the average sold price of $536,512 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 2 bedroom home in London declined by $12,538 (2.3%) compared to the previous 30 day period (November 19 - December 18) and up $46,512 (9.5%) from the same time one year ago.Inventory Change
There were 39 2-bedroom homes listed in London over the last 30 days (December 19 - January 17), which is down 20.4% compared with the previous 30 day period (November 19 - December 18) and up 1,850.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in London typically sold ($12,586) (2.3%) below asking price over the last 30 days (December 19 - January 17), which represents a $1,696 decrease compared to the previous 30 day period (November 19 - December 18) and ($24,450) 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 2-bedroom homes in London over the last 30 days (December 19 - January 17) stood at 128.2%, up from 89.8% over the previous 30 days (November 19 - December 18) and down from 200.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in London stood at 33 days when successfully sold over the last 30 days (December 19 - January 17), compared to 125 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 First Canadian Corp.
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