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Property Description
Welcome to 971 Ormsby Street, a stunning duplex nestled in the heart of the vibrant City of London, Ontario! This fully renovated property boasts an impressive five bedrooms spread across two units, providing the space and comfort perfect for families, multigenerational living, or savvy investors. Each unit has been fully renovated and features its own full modern designed bathroom, ensuring convenience and privacy for everyone. Enjoy outdoor living with a charming deck for the top floor, and a large, beautiful backyard for the main floor - ideal for summer gatherings or tranquil evenings. Located just steps from excellent schools and community amenities, this property is not only an inviting home but also a golden investment opportunity. Picture yourself living in one unit while effortlessly renting out the other - what a fantastic way to have your tenant help pay your mortgage! With ample parking accommodating one car per bedroom and still room for guests, convenience is at your fingertips. Priced to sell and bursting with potential, this gem won't last long on the market, so seize your chance to invest in a bright future in the dynamic city of London!
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Property Features
Library, Park, Place Of Worship
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
30' x 137'
Acreage
< .50
Lot Irregularities
Irregular lot
Fronting
South
Taxes
$2,140 (2024)
Basement
Finished
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Family | Main | 10.60' x 18.01' | |
Br | Main | 12.60' x 9.61' | |
Bathroom | Main | 10.99' x 4.99' | |
Kitchen | Main | 11.61' x 12.60' | |
2nd Br | Main | 8.99' x 10.99' | |
Kitchen | Upper | 9.61' x 12.60' | |
Bathroom | Upper | 8.99' x 4.99' | |
Family | Upper | 18.01' x 9.61' | |
Br | Upper | 12.01' x 8.99' | |
2nd Br | Upper | 12.01' x 8.99' | |
Br | Bsmt | 16.60' x 23.59' | |
Laundry | Bsmt | 7.61' x 5.61' |
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London Market Statistics
London Price Trend
971 Ormsby St is a 4-bedroom 3-bathroom home listed for sale at $499,000, which is $477,034 (48.9%) 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 Homelife/Miracle Realty Ltd
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