971 Ormsby St

East L, London, N5Z 1K5
FOR SALE
$649,000
971 Ormsby St, London
971 Ormsby St
971 Ormsby St
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4 + 1
BEDROOMS
3
BATHROOMS
2 + 1
KITCHENS
6 + 1
ROOMS
X9507281
MLSID
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Property Description
This is a fantastic duplex located at 971 Ormsby Street in London, Ontario! This beautifully newly renovated property features two bedrooms and one bathroom on each floor, making it perfect for families or as an investment opportunity. The top floor boasts a private deck, ideal for relaxing outdoors, while the main floor includes a spacious backyard and patio perfect for summer gatherings. Ample parking is available for residents and guests. Situated in the vibrant city of London, this duplex is just a short drive from Lake Erie and is conveniently located near the prestigious University of Western Ontario, making it an excellent option for student leasing. Don't miss out on this gem. AC replaced in 2014, furnace replaced in 2024, majority of windows/doors replaced in 2024, entire house fully renovated in 2024. Don't miss out on this fantastic opportunity!
Extras
Subject to Instrument No. 522664. Buyer to confirm all measurements.
Property Features
Library, Park, Place Of Worship
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
Room Summary
RoomLevelSizeFeatures
FamilyMain10.60' x 18.01'
BrMain12.60' x 9.61'
BathroomMain10.99' x 4.99'
KitchenMain11.61' x 12.60'
2nd BrMain8.99' x 10.99'
KitchenUpper9.61' x 12.60'
BathroomUpper8.99' x 4.99'
FamilyUpper18.01' x 9.61'
BrUpper12.01' x 8.99'
2nd BrUpper12.01' x 8.99'
BrBsmt16.60' x 23.59'
LaundryBsmt7.61' x 5.61'
London Market Statistics
London Price Trend
971 Ormsby St is a 4-bedroom 3-bathroom home listed for sale at $649,000, which is $229,199 (26.1%) lower than the average sold price of $878,199 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 4 bedroom home in London declined by $1,432 (0.2%) compared to the previous 30 day period (September 21 - October 20) and down $1,801 (0.2%) from the same time one year ago.
Inventory Change
There were 144 4-bedroom homes listed in London over the last 30 days (October 21 - November 19), which is down 11.1% compared with the previous 30 day period (September 21 - October 20) and up 747.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($24,170) (2.8%) below asking price over the last 30 days (October 21 - November 19), which represents a $3,593 decrease compared to the previous 30 day period (September 21 - October 20) and ($9,900) 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 (October 21 - November 19) stood at 60.4%, up from 36.4% over the previous 30 days (September 21 - October 20) and up from 29.4% 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 30 days when successfully sold over the last 30 days (October 21 - November 19), compared to 70 days before being removed from the market upon being suspended or terminated.
Listing contracted with Homelife/Miracle Realty Ltd
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