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$ 250,000

497 Simcoe Street, London, ON, N6B 1K3

Listing ID# 104391
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$ 250,000

  • 497 Simcoe Street
    Central London, London, ON N6B 1K3
  • Listing ID 104391
  • Building Type: Land
  • Land Size: 0.3480 acres
  • Status: For Sale/Active
  • Days on Market: 107
  • Tax Year: 2017
  • Rooms: 0

Property Description

Development opportunity! Approximately half an acre (0.348 acres) in the heart of SOHO. Prime area to develop income-producing properties. City verbally confirmed to allow one duplex and a single family home. Possibility of two duplexes with minor variance (1-meter additional land required). Property is being sold as is with no representations or warranties including property taxes, room sizes, and use. All to be verified by buyer. Allow five business days irrevocable. Please insert attached schedule A to all offers (see documents). Sold by Mortgagee (power of sale). Please note: 25% referral fee will be withheld by the listing brokerage if they introduce the buyer or the buyer`s spouse to the property through a private showing. **Showings only allowed when conditional offer is in place due to safety**



Listing courtesy of OLIVER & ASSOCIATES TEAM GLASSER REAL ESTATE BROKERAGE INC.


Demographics

Central London Property Overview
74%Rent 26%Own
  • Detached 1,833
  • Duplex 761
  • Semi-Det. 399
  • Low-Rise 119
$ 292 k

Average Home Price in Central London

50 years

Average home age in Central London

Household Size
7,745Non-family 3,508One-family 26Multi-family
Household size (# people)
  • 17,106
  • 22,980
  • 3780
  • 4-5376
  • 6+38
Household Income in Central London
83.4%Employed 11.3%Unemployed 5.3%Self-Employed
  • White Collar 6,722
  • Blue Collar 3,310
$ 55 k

Average income

39 years

Average age

Education
  • Certificate, diploma, degree 17,421
  • High School 5,101
  • College 4,185
  • No Certificate 3,002
  • Apprenticeship 1,291
Marital Status in Central London
60%Single 20%Married 20%Other
Age groups
  • 0-1912%
  • 20-2929%
  • 30-4931%
  • 50+28%

Points of interest and Comparables - Central London

top

$218,798*

average price

-3.33%

market trend

* - average price based on 106 comparable properties in the neighbourhood
# date listed bed/bath
1 4/6/2018 $299,000
2 2/23/2018 $449,900
3 4/6/2018 $299,000 N/A/3
4 10/24/2017 $979,000
5 2/9/2018 $179,900
6 1/4/2018 $04
7 4/19/2018 $2,600
8 4/18/2018 $239,900 3/2
9 4/14/2018 $229,900 4/3
10 10/24/2017 $529,000
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