Apartment Condo For Sale in Downtown London Ontario

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Downtown London Ontario Apartment Condo, steps away from trendy Richmond Row, Budweiser Gardens, Harris and Victoria Parks, walking trails and great restaurants and shopping!

•  112 bath , 2 bdrm apartment “completely updated” – FOR SALE  CAD189,900 . Exceptional Value
MLS® 104273

Location, location and comfort, this downtown London Ontario ground floor 2 bedroom, 1 1/2 bathroom apartment is move in condition, with underground parking and a locker for storage.

High quality engineered flooring, modern kitchen cabinets, in unit laundry, even a freezer, 6 appliances in total! This updated building has a indoor salt water pool, exercise centre, whirlpool, sauna, a majestic lobby and oodles of guest parking.

Steps away from trendy Richmond Row, Budweiser Gardens, Covent Garden Market, restaurants and shopping and beautiful Victoria Park, Harris Park and the Thames River walking trails.

Check the price out, this unit is a true bargain! Condo fees include heat and water

Property information

Two Bedroom Condo For Sale Downtown London Ontario

two bedroom condo for sale downtown London Ontario

Historic Woodfield District

Two bedroom condo for sale downtown London Ontario in move in condition, minutes from trendy Richmond Row, furnished and move in condition, just bring your tooth brush. $162,900.
MLS® #595373

Property information

Condo For Sale London Ontario $119,900

  a beautiful updated 2 bedroom Mills landing condo apartment in a well maintained & managed property.

Freshly decorated in neutral tones, new kitchen and bathroom in November 2016, ceramic floors in kitchen & bathroom, laminate in living/dining room & hallways.

Lovely gas fireplace for economical heat and comfort in the living room and patio doors to the balcony.

6 appliances and window coverings are included with easy access to Veterans Memorial Parkway, shopping and on a bus route.Condo fees include water.

A great salt water pool is on the grounds and an exercise center in the building across.

The condo fees include water and with the combination gas fireplace and electric heat, hydro is around $100 per month!

Condo for sale London Ontario $119,900
Superb Condition

•  1 bath, 2 bdrm apartment – $119,900. Inexpensive Living
MLS® #594664

Property information

Can You Make Money Buying a Townhouse Condo in London Ontario?

Over the last 6 months I have worked with 7 Millennials  who wisely bought either a condo apartment or a townhouse in London Ontario and had help in reducing their living expenses and for two of them, earning about $200 month over their mortgage, taxes, utilities and condo fees!

Millennials but Townhouse Condos London Ontario

How did they do it?

Not to make this a 30 minute dissertation on buying a condo in London Ontario and for brevity sakes, here is how one did it.

He works for a gaming company here in London and by his words, a ‘nerd’. He had been following my blogs and website for 8 months and finally emailed me that he was thinking about buying a house or a condo in London.

We met in my office and went over his perceived criteria, his fears , financing and his ideal property for resale because he felt headhunters would be coming after him in a year or two and wanted to ensure that if he sold his property, he would not get fleeced too much.

nerd buying a condo in London Ontario

After doing what I call ‘Market Education’ (we looked at 3 houses in various parts of London & 4 condos, 2 apartments and 2 townhouses) we then sat down again and he was much more informed what he could afford and the style he preferred. He chose a townhouse because of the long and weird hours he was working and thought a hammer was a female hamster! (I s**t you not!)

At his work, his company is growing rapidly, people coming and going and we discussed about how he could maybe rent out a room and still have privacy, yet help in paying down his mortgage.

Well, that was a no-brainer! He had 5 co-workers who jumped at the idea. I helped him buy a 3 bedroom townhouse for a good price that offered some  individual privacy and a place that was move in ready.

His mortgage payments, condo fees and taxes came to $912 per month ( he was paying $850 a month for a dinky apartment) and got a co-worker to rent a room for $500 per month and share the utilities! Also, I suggested he meet with one of the lenders I use, ( he said he was pre-approved by a mortgage broker , I said he should get another opinion), which he did, and he saved .7% in interest fees, less hassles and did not have to spend 13 hours filling out forms, documents and what colour socks he wore!

Who’s the nerd now?

 He was so pleased in how the whole process worked, he referred me to some of his co-workers, even one of the co-founders of the company. They are happy and I am happy!

happy nerd buying real estate London Ontario

  You can be too!

 Note: He just got a 2016 year end bonus and has used it as a down payment on another town house!

What is The London Ontario Condo Market Doing?

Every day I get asked these 4 questions about the London Ontario condo market.

  1. “What is the London Ontario condo market doing?”
  2. “When is the best time to buy or sell a condo?”
  3. “How much should I offer?”
  4. “What should I list it for?”

London Ontario Condo Market

The first step in answering any of the above 4 questions is knowing how the London condo market performed and the chart below for the period January 1, 2016 to December 7, 2016  does.

Quantity Style Average Selling Price % of Selling Price to Asking Days on the

Market

421 Apartment High Rise $175,051 98% 56 days to sell
109 Apartment Low Rise $114,643 96% 58 days to sell
815 Townhouses $173,968 98% 36 days to sell
227 One Floor Attached $285,069 99% 42 days to sell
46 One Floor  Detached $387,881 98% 50 days to sell

From my experience in helping educate Londoners about condos in London, these averages may not hold true for your building or complex.

Why?

My last 4 condos I sold sold for full price and were on the market less than 5 days!

Before buying a condo in London or selling a condo in London, you may want to get what I call “brutal truth factual numbers” about what prices are today and not an opinion where prices are heading or what someone received for their unit 6 months ago.

Price, condition, style and location dictates what a condo sells for and how long it will take to sell. For buyers, you will be assured of not over paying and for condo sellers, you will not leave money on the table or over price your condo because of blind optimism or false perceptions!

I’m a numbers person first, then a guidance councillor about quality, style and location and then lastly a Realtor who can negotiate from strength!

Works every time!

One Floor Houses and Condos London Ontario

One of the great things about London Ontario is that one floor house & condo prices are lower than most comparable cities in Ontario & Canada and the selection & styles available will fit most lifestyles!

one floor houses & condos London Ontario

Below is a chart showing home prices across Canada and you can see why more and more people are right sizing or downsizing to London.

 London Ontario & area affordability compared to other major Ontario and Canadian centres.

City Average Sale Price
Vancouver $906,469
Toronto $753,057
Fraser Valley $613,309
Victoria $585,889
Hamilton $514,681
Calgary $479,381
Kitchener-Waterloo $383,141
Edmonton $376,580
Montreal $370,812
Ottawa $362,035
Niagara $351,859
Saskatoon $350,368
Regina $316,713
Halifax-Dartmouth $312,684
London St. Thomas $287,175
Canada $476,219

From inexpensive apartment style, high end upscale apartment condos to one floor attached or detached condo homes, London has them.

There are bungalows, ranches and even back or side splits that may work for you.

From as low as $150,000 and up, you have choices. With the medical facilities, education, culture and recreation that London offers, and, the combination of lower house prices and living expenses, the London real estate market is quite vibrant!

Overpaying For Real Estate in London Ontario

Overpaying for real estate in London Ontario over the past few months is occurring more often than not and I have heard the following statements from buyers and Realtors.

  • “There is nothing I can do about it”.
  • “That’s just the way the real estate market is”.

Really?

Learned helplessness is a condition in which a buyer adapts to the scarcity mindset, the fear of loss and instant gratification and overpays for a house in London Ontario and feel that there is nothing they can do about it and that the acceptance of their offer is totally out of their control.

Yes, the real estate market in London Ontario is vibrant and as a Realtor, that is quite positive yet the consequences of overzealous buyers and their representatives actions will have a negative effect , as history has proven over and over that the axiom “What goes up must come down”, holds true.

As a home buyer in London Ontario, you have choices and there are strategies you can take to ensure you do not over pay and get caught up in the frenzy.

For home sellers in London Ontario, you could not ask for better time to list your home on MLS. When the fish are biting, it is a good time to have your line in the water.

As a Home Owner in London, How To Take Advantage of The Hot Market

How do you, as a home owner in London Ontario, able to maximize the sale price of your home in this very hot London Ontario real estate market?

London Ontario Housing Market

How can you take advantage of the fact that desirable houses and condos in London are selling with in days and not weeks?

Being prepared ahead of time before your home goes on MLS can be one of the best advantages you will ever have to get what you want.

I do not mean testing the market with a price that a reasonable buyer would never consider, I mean, factually align your arsenal with quality information, such as up to date factual sales history( not what your neighbour said she got), the neighbourhood desirability and most important, is your home in what Realtors call ‘show ready’?

As well, what is the process if you did get an offer, or two or three?  It could be in some cases that the highest price offer may not necessarily be the best for you!

What would you do if you did not receive an offer in 7 days?  Would you know the reason or would your first instinct be to put the blame on something or any one person?

Being prepared will allow you not to make impulse decisions that could cost you.

The most important time for a new listing in London Ontario is 2 days before your home officially goes on MLS and the 8 days after!

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London Ontario Real Estate is Hot!

The London Ontario Real Estate Market is doing real well with 825 homes in London Ontario & area sold in October 2016, which was 18.7% over October 2015, making it the best October for our London and St Thomas Association of REALTORS® (LSTAR).

london Ontario Real Estate Market

2016 continues to break records with Year to Date sales up 9.3%. Listings (homes put on the market for sale in October) were down 12.3%, while inventory (homes for sale) was down 33.8%, making this a seller’s market!

A Google definition of a Seller’s Market is: an economic situation in which goods or shares are scarce and sellers can keep prices high.

The best-selling house style in LSTAR’s jurisdiction for October 2016 was the two-storey, then the bungalow, followed by ranches, then townhouse condominiums, then high rise apartment condos.

The average price for a detached home Year-to-Date stood at $296,445, up 5%, while the average price for a condo over the same period stood at $201,270, up 6%. The average price of all homes sold through LSTAR’s MLS® Year-to-Date stood at $278,471, up 5.3%.

What does all of this mean?

If you have been thinking about selling your house or condo, now is a great time as there is a shortage of good listings on the market and if a Realtor prices your home correctly, your home should sell for full price and within days!

If you are buying a home in London Ontario, do not dawdle! Be prepared with neighbourhood prices, be pre-approved and try not to get caught up in all the hype and overpay!

House Style Units Sold Average Price
2 storey 198 $370,303
Bungalow 155 $235,189
Ranch 96 $367,881
Townhouse 69 $169,031
High rise apt. condo 34 $155,665

London Ontario & area affordability compared to other major Ontario and Canadian centres.

City Average Sale Price
Vancouver $906,469
Toronto $753,057
Fraser Valley $613,309
Victoria $585,889
Hamilton $514,681
Calgary $479,381
Kitchener-Waterloo $383,141
Edmonton $376,580
Montreal $370,812
Ottawa $362,035
Niagara $351,859
Saskatoon $350,368
Regina $316,713
Halifax-Dartmouth $312,684
London St. Thomas $287,175
Canada $476,219

 Search All Houses & Condos For Sale in London Ontario and Area

50 Northumberland Road London Ontario Condominiums

50 Northumberland Road Clubhouse

50 Northumberland Road, is in the Hunt Club neighbourhood of London Ontario and Units 1-43 is called Hunt Club Glen and Units 44-105 are called Hunt Club Gate.

View Google map

Regardless of names, you can buy these well constructed townhomes from as low as $339,000 to $550,000.

As with anything, location, amenities, views, size all come with a personal perspective and budget but one thing that will occur, you will love the quiet, the quality landscaping, the closeness to great stores like Remark, Gordons and banks and grocery stores and fast food and golf courses and trails and Sifton Bog and churches and schools are far enough away for quiet times.

Don’t get me wrong, having your grandchildren visit is great and then they get to go home with your children! A perfect world after all these years!

So ,

  • As of November 5, 2016 $339,000 TO $496,800
  • in 2015, prices from $359,923 to $549,176
  • in 2014, prices from $306,787 to $452, 425

Averages mean didly squat, over the years I have been into 57 of these units, I have seen great views, walk outs, finished basements, finishes to drool  over, upgrades and plain janes and joes.

The real estate market in London Ontario is great at the present time, (November 5, 2016) so if you can breathe, any one can sell a condo or house in London Ontario, it is a sellers market. I usually get the call when things are not selling and home owners need a professional with marketing and negotiating skills.

50 Northumberland

Search All Houses & Condos For Sale on MLS in London Ontario & Area