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Property Description
This property is located in a great location, walking distance to Downtown London and a short drive to Springbank park and Wortley Village. It is also on a direct Bus route to Western University and close to shopping and fine restaurants. This rental property has excellent income, with the main floor tenants paying $2200, upper unit paying $2100 and the vacant lower level having an income potential of $1200. Many recent updates on all 3 levels. All 3 units have their own laundry. There is plenty of parking in the back. The backyard is fully fenced and the main floor tenant has a large deck.
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Property Features
Fenced Yard, Park, Public Transit, School Bus Route
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
2500-3000
Lot Size
49' x 118'
Acreage
< .50
Fronting
South
Taxes
$3,917 (2024)
Basement
Apartment
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Mutual
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Ground | 13.25' x 15.98' | |
| Kitchen | Ground | 11.55' x 12.27' | |
| Prim Bdrm | Ground | 12.43' x 13.22' | |
| 2nd Br | Ground | 10.73' x 11.48' | |
| Laundry | Ground | 9.02' x 10.24' | |
| Family | 2nd | 11.98' x 11.75' | |
| Kitchen | 2nd | 6.69' x 8.37' | |
| Prim Bdrm | 2nd | 12.34' x 12.53' | |
| 2nd Br | 2nd | 12.20' x 12.34' | |
| Kitchen | Bsmt | 12.14' x 12.40' | |
| Rec | Bsmt | 8.99' x 16.37' | |
| Br | Bsmt | 11.78' x 12.76' |
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London Market Statistics
London Price Trend
94 Stanley St is a 4-bedroom 3-bathroom home listed for sale at $699,000, which is $277,034 (28.4%) lower than the average sold price of $976,034 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in London increased by $81,067 (9.1%) compared to the previous 30 day period (December 22 - January 20) and up $593,150 (154.9%) from the same time one year ago.Inventory Change
There were 157 4-bedroom homes listed in London over the last 30 days (January 21 - February 19), which is up 38.9% compared with the previous 30 day period (December 22 - January 20) and up 946.7% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($20,736) (2.1%) below asking price over the last 30 days (January 21 - February 19), which represents a $15,133 increase compared to the previous 30 day period (December 22 - January 20) and ($5,311) 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 4-bedroom homes in London over the last 30 days (January 21 - February 19) stood at 35.0%, down from 71.7% over the previous 30 days (December 22 - January 20) and down from 105,113.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in London stood at 48 days when successfully sold over the last 30 days (January 21 - February 19), compared to 86 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Triland Realty
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