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Property Description
This updated 1-1/2 story detached brick home is located in the vibrant Old East Village neighborhood, offering a perfect blend of classic charm and modern upgrades. The property features two separate entrances and a freshly painted brick exterior with revitalized garage and landscaping, creating impressive curb appeal. The deep lot provides plenty of outdoor space for gardening or recreation, and a vintage lamppost in the backyard evokes the neighborhood's historic character. Since 2017, there have been numerous updates, including a new roof, and in 2020, both kitchens and the main bathroom were renovated with new appliances, pot lights, and updated plumbing and electrical systems. The main-level br includes a triple-pane window for enhanced insulation and noise reduction. In 2021, heating improvements were made with the installation of panel radiators, most windows were replaced, and smart home features like a thermostat and bathroom fan were added for convenience. By 2022, outdoor spaces were transformed with a new deck, front steps, and essential plumbing upgrades. In 2023, a new gas HWT (owned) was installed, along with a built-in closet in the main floor br. The home was completely repainted inside and out in 2024, with additional landscaping enhancements and a new front porch light. Both breaker panels were also updated. The vacant main floor unit presents an excellent opportunity for owner-occupancy with the potential for rental income, or you can bring in your own tenants. The upper unit is currently set up as a 1-br but could easily be converted into a 2-br. Located just minutes from downtown, this home offers easy access to shopping, dining, entertainment, and all the amenities that make OEV a highly desirable neighborhood. With separate spaces, individual utility meters, and a wealth of upgrades, this property offers both versatility and comfort in a dynamic, sought-after area.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-10-18 | 2024-11-13 | 26 | $475,000 | - | Terminated |
2024-10-02 | 2024-10-18 | 16 | $500,000 | - | Terminated |
2013-02-19 | 2013-05-17 | 86 | $174,900 | - | Expired |
2012-11-12 | 2013-02-13 | 92 | $174,900 | - | Expired |
2007-07-20 | 2007-08-29 | 42 | $109,900 | $100,000 | Sold |
2019-08-03 | 2019-09-19 | 47 | $295,900 | $277,000 | Sold |
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Property Details
Street
Community
City
Property Type
Duplex, 1 1/2 Storey
Lot Size
27' x 134'
Fronting
North
Taxes
$1,776 (2023)
Basement
Full, Unfinished
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Parking Spaces
2
Driveway
Mutual
Garage Type
Detached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Foyer | Main | 13.94' x 4.23' | |
Living | Main | 11.55' x 13.45' | |
Br | Main | 10.01' x 12.50' | |
Kitchen | Main | 10.73' x 12.63' | |
Dining | Main | 7.15' x 11.91' | |
Br | 2nd | 11.15' x 9.78' | W/I Closet |
Living | 2nd | 11.48' x 13.62' | |
Kitchen | 2nd | 11.52' x 9.78' |
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London Market Statistics
London Price Trend
774 Lorne Ave is a 3-bedroom 2-bathroom home listed for sale at $460,000, which is $160,647 (25.9%) lower than the average sold price of $620,647 in the last 30 days (November 17 - December 16). During the last 30 days the average sold price for a 3 bedroom home in London declined by $25,100 (3.9%) compared to the previous 30 day period (October 18 - November 16) and up $50,647 (8.9%) from the same time one year ago.Inventory Change
There were 163 3-bedroom homes listed in London over the last 30 days (November 17 - December 16), which is down 35.3% compared with the previous 30 day period (October 18 - November 16) and up 608.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($12,945) (2.1%) below asking price over the last 30 days (November 17 - December 16), which represents a $170 increase compared to the previous 30 day period (October 18 - November 16) and ($24,900) 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 (November 17 - December 16) stood at 104.3%, up from 81.0% over the previous 30 days (October 18 - November 16) and up from 73.9% 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 (November 17 - December 16), compared to 62 days before being removed from the market upon being suspended or terminated.Listing contracted with One Percent Realty Ltd.
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