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Property Description
WOW ... YOU WILL FALL IN LOVE WITH THIS ABSOLUTELY STUNNING DUPLEX IN OLD NORTH LONDON! The outstanding renovations thru-out both fully furnished units have left no detail spared. The moment you enter the large foyer of the main floor unit you can't help but be impressed by the open concept layout. This gorgeous one bedroom plus den unit is over 1100 sq ft of meticulously finished living space featuring beautiful flooring, a stone accent pillar, 2 sided gas fireplace in the living room and bedroom, high ceilings, and patio doors that lead you to a large deck overlooking the 44 x 165' lot. This duplex is amazing if you want to live in one unit and rent out the other ... however the problem is, which one do you choose for yourself? The 2nd floor unit is equally stunning with its massive open concept living area and chef's dream kitchen!! This 1050 sq ft unit is so beautiful and bright as well! Both units come completely furnished with designer decor. Income and Expense details available through listing agent. Fabulous turnkey investment property. Separate hydro meters. Prime location in London's beautiful sought after Old North Neighbourhood, offers close proximity to Western University and walking distance to all of the downtown restaurants, shops and parks. If you are a savvy investor, you won't want to miss this opportunity ... Duplexes like this are not easy to find!!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2008-02-05 | 2008-04-06 | 63 | $299,900 | - | Expired |
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
44' x 165'
Acreage
< .50
Fronting
West
Taxes
$4,778 (2023)
Basement
Part Bsmt, Part Fin
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Abv Grnd
Parking Spaces
4
Driveway
Front Yard
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Bathroom | Main | 11.52' x 6.43' | 3 Pc Bath |
| Br | Main | 12.11' x 12.47' | |
| Dining | Main | 11.94' x 19.42' | |
| Foyer | Main | 16.80' x 6.17' | |
| Kitchen | Main | 12.17' x 12.53' | |
| Living | Main | 12.99' x 17.75' | |
| Office | Main | 8.30' x 5.81' | |
| Bathroom | 2nd | 7.12' x 6.27' | 3 Pc Bath |
| 2nd Br | 2nd | 11.55' x 11.29' | |
| Kitchen | 2nd | 14.37' x 21.03' | |
| Living | 2nd | 10.70' x 20.70' | |
| Prim Bdrm | 2nd | 11.42' x 13.42' |
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London Market Statistics
London Price Trend
775 Colborne St is a 3-bedroom 2-bathroom home listed for sale at $895,000, which is $276,538 (44.7%) higher 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 Thrive Realty Group Inc.
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Stunning property steps from St. Joes Hospital and minutes from University Hospital. Fully renovated VACANT duplex with many outside entertaining areas for both units with each having their own private driveway. Exterior updates include new windows and doors, new decking and fencing, new staircase to upper unit with privacy panels and seating area, new interlocking stone patio areas as well as new hard board on the kitchen and garage that has hydro as well as new garage door. The main foor features a spectacular kitchen with a centre island that comfortably sits 8, quartz and granite tops, soft close cabinetry, large pantry, wine bar area, charging station built into cabinetry, vaulted ceiling, exposed brick and 2 outside accesses to a private deck and a private interlocking stone patio directly from the kitchen which is fabulous for entertaining. The covered wrap around front porch is a great space to sit while watching storms pass by. Not only does the main foor have 2 beds, 2 baths (ensuite with double sinks, centre cabinetry and a glass walk-in shower), it showcases original hardwood fooring with modernfnishes such as pot lighting, ceiling fans, original glass pocket door, original marble around the master freplace, original entry fixture and mainfoor laundry. The upper unit also has its own laundry, 2 bedrooms, eat-in kitchen and exposed brick in the large master. The main foor unit hasbeen rented as an "Executive furnished short term rental" for $3,650 while upstairs market rents suggest $2,400-$2,600. This home is designated "Heritage" and is just a beauty to look at. Very private outside spaces with all the conveniences within walking distance. A fewdifferent options are available - add this home to your portfolio with a cap rate of around 6%, rent one of the units to help pay your mortgage should you wish to live here or convert it back to a single family home. This home does not disappoint!!
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Cash Flow Investment Opportunity, Legal Duplex, Totally Renovated In 2020, Plumbing, Roof, Furnace, Windows, Appliances, Floors, Wiring Etc. Unit A: Open Concept Main Floor Living Room & Kitchen With Newly Constructed Lower Level Including A Bedroom, Bath And Living Room. 3 Bedrooms And 2, 4Pc Baths. Unit B Is A Bright, Open Concept Floor Plan Which Includes Cathedral Ceilings And Natural Light From Numerous Windows, 2 Large Bedrooms And 4Pc Bath. Tenants are paying personal hydro and union gas on their own and the account is under their name. Water heater is owned. Tenant are responsible for snow and lawn maintenance of the property. Unit A rented for $2276.87 +50 water fee a month. UNit B rented for $1710 + $50 water fee a month.
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