550 Second St 29

London, N5V 3S3
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550 Second St 29, London
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3 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
10
ROOMS
X4134050
MLSID
Contact Us
Property Description
Newly Renovated & Beautifully Maintained 3 Bedroom, 2 Bathroom Town-Home In Walking Distance To Fanshawe College. Great For Investment Or For A Family. Spent Over $25,000 In Renovations In 2018. New Flooring, New Carpet, Freshly Painted, New Light Fixtures, Renovated Washrooms. Large Kitchen With A Breakfast Area. Enjoy Spending Time With Family In Your Large Living Room. Basement Contains 4th Bedroom And Laundry Room. Large Backyard. Low Maintenance Fees.
Extras
Refrigerator, Stove, Washer & Dryer, All Electrical Light Fixtures.
Property Details
Street
City
Property Type
Condo Townhouse, 2-Storey
Approximate Sq.Ft.
1000-1199
Taxes
$1,387 (2017)
Basement
Finished
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Parking Spaces
1
Parking 1
Owned
Garage Type
None
London Market Statistics
London Price Trend
550 Second St 29 is a 3-bedroom 2-bathroom townhome listed for sale at $199,900, which is $299,347 (60.0%) lower than the average sold price of $499,247 in the last 30 days (March 24 - April 22). During the last 30 days the average sold price for a 3 bedroom townhome in London increased by $4,900 (1.0%) compared to the previous 30 day period (February 23 - March 23) and down $22,853 (4.4%) from the same time one year ago.
Inventory Change
There were 52 3-bedroom townhomes listed in London over the last 30 days (March 24 - April 22), which is up 79.3% compared with the previous 30 day period (February 23 - March 23) and up 188.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom townhomes in London typically sold ($6,202) (1.2%) below asking price over the last 30 days (March 24 - April 22), which represents a $5,466 increase compared to the previous 30 day period (February 23 - March 23) and ($1,900) 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 3-bedroom townhomes in London over the last 30 days (March 24 - April 22) stood at 434.6%, up from 251.7% over the previous 30 days (February 23 - March 23) and up from 55.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom townhome in London stood at 26 days when successfully sold over the last 30 days (March 24 - April 22), compared to 53 days before being removed from the market upon being suspended or terminated.
Listing contracted with Zolo Realty, Brokerage
Similar Listings
563 Mornington Ave 102, London
2
BEDS
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BATHS
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FOR SALE
2 bedroom, main floor unit with a large, enclosed patio! Convenient location for those who can't handle stairs or elevators. Great value opportunity for first time buyers or investors. Located in a neighbourhood with easy access to public transit and shopping close by. Located a short distance from Fanshawe College. Low property taxes of $1271 and condo fees include heat, hydro and water. Currently tenant occupied.
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