Townhouse For Sale Pond Mills, Needs TLC A Bargain At $185,000

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Needs Some Love

•  2 bath , 3 bdrm townhouse – FOR SALE  CAD185,000 . A Wow Price

Wow, a three bedroom, 1 1/2 bathroom townhouse for sale in an excellent condominium neighbourhood. It is being sold “as is.” Open house this Sunday 2-4 PM. Great location, easy access to 401, walk to schools, parks and shopping, needs some TLC, the last two sales in this complex were $240,000 and $225,000!

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Beautiful Townhouse For Sale Westmount London Ontario

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One Of The Best Kept Secrets In London-Look at this Westmount London Ontario Townhouse

•  1680 square feet, 2+ 2 bathrooms , 3 bedroom  spacious ,bright and unique

– FOR SALE  $389,900 

This end unit townhouse in south west London is nestled & tucked away in a mature 38 unit complex that is one of the best kept secrets, most people do not even know it exists. From the tree lined entrance, hence (Avian Terrace), these units are extremely well maintained with an irrigation system, landscaping, snow removal, window washing all done for you.

This bright spacious 3 bedroom unit has hardwood on the main level, a large kitchen, den, separate dining room and a living room. The patio off the dining area offers privacy galore. There are two gas fireplaces, central vac and a 20′ foyer entrance.

The 3 bedrooms upstairs are a good size, a 4 piece bathroom and the large master has a walk in closet, a master ensuite with a soaker tub and a separate shower.

In the finished basement there is a large family room with a 2 piece bathroom (roughed in for a 4 piece) Loads of storage, and a cold room.

All window covers are included and the garage has lots of storage.

This complex is well looked after, the $319 condo fee includes landscaping, insurance, roof, snow removal, exterior window and door cleaning. Shopping, is near by, churches, schools and parks as well, a bus stop is at the entrance as well.

Do not put seeing this unit off, these sell quickly and at this price, very quickly.

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Townhouse For Rent 101 Brookside London Ontario

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Move in Ready townhouse for rent at 101 Brookside St #34 in London Ontario for only $1395 per month plus utilities

•  2 bath , 3 bdrm townhouse –  . Great Price
MLS® 100713

What a wonderful town home complex , centrally located, short walk to Victoria Hospital and with easy access to downtown or 401. 3 bedrooms & 1.5 bath includes finished lower family room and five appliances included. Large master with a bay window, open bright eat in kitchen, hardwood flooring on main level & tiled kitchen floor.

New furnace and air conditioner will help lower your energy bills.

For lease only at $1395 plus utilities.

This town home backs onto green space that’s private and quiet.

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With Rising House Prices in London Ontario, Do You Have Enough Insurance?

With the rising cost of houses and condos in London Ontario, have you checked your insurance coverage on your home?

Is it enough?

Over 70 percent of homes in Canada are underinsured.  (This latest stat comes from a 2017 Insurance Bureau of Canada report. And, of those homes, 70 percent are underinsured by at least 30 percent.

                        Do you have enough insurance on your house?

   The confusion between market value and replacement value is where many of these problems originate. 

Many people base their insurance coverage on the market value of their home.  Market value is what a buyer will pay for your property, but this is irrelevant if your home is destroyed.  What you should really be basing your coverage on is replacement value.  This is much more complicated to compute.

When computing replacement value you must figure in all of the costs of rebuilding your home.  This is often 20-30 percent more than new construction because of the added demolition and removal costs.

House insurance enough

Once the land has been cleared, you will need to add the cost of actually building your home by multiplying the square footage by the average cost per square foot.  You can find out average square footage costs from your local builder’s association or myself.

Then, you need to add in additional money for upgrades and improvements that you have made.  Also, check your local building codes because changes in codes since your original home was built can cost a bundle when rebuilding.

In some cases, it may cost even more to rebuild your home than the market value.  In any case, don’t just base your homeowner’s coverage on the lender’s requirements.  These often only cover the mortgage balance leaving you with nothing.

If you like , I will bring the coffee or tea and my laptop and work out a market value for your home taking into consideration the new prices happening in London Ontario and area.

3 Bedroom Townhouse for Rent London Ontario

770 Fanshawe Park Road E

3 Bedroom, 3 Bathroom town house for rent in London Ontario, on bus route, in between Western and Fanshawe College

This townhouse in London is in a quiet complex, has an outdoor pool and easy access to Masonville Mall, Western and downtown London. $1,500 plus utilities and presently being painted and freshened up!

  • 3 bathrooms including a master ensuite
  • 3 good size bedrooms
  • finished basement
  • 6 appliances
  • garage
  • large private patio

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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!

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!

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

Some Condos in London Ontario Take Longer to Sell

I get asked daily: “Why do some condos in London Ontario take longer to sell”? There are quite a few reasons but 90% of the time it is price or poor marketing!

A condo in London Ontario That Did not Sell

I keep track of condos in London that are for sale, how long it takes to sell( days on the market) and what percentage of the sale price to the asking price. What is the reason why some condos sell for 98%-99% of the asking price and are sold within 23 days and others receive 95-96% of the asking price, are on the market an average 77 days or do not sell at all?

 When a condo in London Ontario is not priced correctly the first day it goes on the market , here are the possible results:

  • LOW Final Sales Price – An overpriced condo, still on the market beyond the average selling time, usually leads to a lower selling price. To sell it, you will have to reduce the price, sometimes several times. In the end,you’ll likely get less than if it had been properly priced at the start.
  • Limited Buyers – Potential buyers may not view your condo, because it would be out of their buying range.
  • Limited Showings – Real estate agents may be reluctant to view your condo or bring their clients because the listing is stale and buyers wonder what is wrong with the place.
  • Wasted Time and Energy – For example, a buyer who gets a bank appraisal on an overpriced condo will quickly determine that they’ve wasted their time because the appraisal will not support the inflated sales price.

Weeks on Market For a Condo in London Ontario to Sell

  Well kept condos in London Ontario , properly priced when you first list it will always get you a quicker sale and  97% of the time the best price! 

Ty Lacroix A House Sold Name !

Townhouse For Rent/Lease in Chelsea Green, London

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Beautiful location

•  2 bath, 3 bdrm townhouse – $1,350.00. Immaculate Monthly

– What a beautiful quiet complex in London. Close to Victoria Hospital, downtown, shopping, dining and walking & biking trails. This extremely well maintained 3 bedroom, one and 1.2 bathroom townhouse has 6 appliances and gas furnace with central air conditioning.

Only $1350 per month plus utilities.

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