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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
Similar Listings
This property is located in a great location, just a short drive to Downtown London, 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 $2500, upper unit paying $1500 and the lower level paying $1200. Many recent updates on all 3 levels. All 3 units have their own laundry. There is parking in the front. The backyard is fenced and the upper floor tenant has a deck and a loft with a bedroom/den.
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A prime investment opportunity in the heart of Old South! This fully renovated legal duplex offers two modern, self-contained units, making it an ideal choice for investors or homeowners looking for additional rental income. Within walking distance to Wortley Village! The upper unit boasts two spacious bedrooms, a dedicated living and dining room, a large master bedroom with ample closet space, and vinyl plank flooring throughout. It includes a private backyard, tandem parking for two vehicles, and in-unit laundry. The lower unit also features two bedrooms, new vinyl plank flooring, a private backyard, and independent parking. The property has undergone significant upgrades, including new PEX plumbing, new eavestroughs, soffits, fascia, furnace, air conditioner, and flat roof over the Juliette window. A water barrier and drainage system with a brand-new sump pump ensures long-term durability. To enhance this turnkey investment, the buyer will receive free property management for one year.
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ATTN INVESTORS/UNDER MARKET VALUE/WORTLEY VILLAGE DUPLEX! Not just for investors, this could be for multi gen families or buyers looking to offset their mortgage payments. Specs for this upper & lower duplex are as follows: Upper unit has 3 bedrooms, 1 bath, large front balcony, separate entrance, and needs minor renos. Lower unit has 1 bedroom, 1 bath, large living area, main floor laundry, and access to the unfinished basement. Additional info: attic has potential for future development and there's a separate double car garage. Fantastic location, surrounded by heritage homes, on a mature tree-lined street, and walking distance to Wortleys main strip for a vibrant lifestyle. Buyer is to Assume tenants.
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