973 Gainsborough Road Sold a year ago

London, North E, N6H 5L4

$799,950$000000

Description

Listed by STREETCITY REALTY INC., BROKERAGE.

A golden opportunity for investors and home buyers to own a BDC zoned residential property (#3074 sq. ft home) in the highly demanded North West London. The zoning permits multiple uses for this property-keep it as a single family residential, build a multi-storey apartment building, convert it into multi-residential, commercial cum residential, medical offices etc. This Zone provides for and regulates a mix of retail, restaurant, neighborhood facility, office and residential uses. There are only a few properties with BDC zoning in the neighborhood. Nestled in the fast growing residential cum business area, this property is of high commercial potential. The deeper lot size is an added advantage for any development. The property is surrounded by high to low density residential, smart centers, medical clinics, schools and worship places. The building and appliances are sold 'AS IS WHERE IS'. The owner has never lived in this property, currently rented out on a monthly basis. The current house consists of 3 generously sized bedrooms 2 full bath and 1 half bath, 2 office rooms and 1 Recreation hall, 1 living room and 1 dining room , one kitchen and storage rooms. The basement has a separate entry through the back.

Dishwasher,Dryer,Hot Water Tank Owned,Washer,None

Location

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  • Address: 973 Gainsborough Road
  • Neighborhood: North E
  • City: London
  • State: ON
  • Postal Code: N6H 5L4

Property Details

  • Property ID: 40302607
  • Property Price: $799,950
  • Style: Single Family Residence, 1.5 Storey
  • Sq/Ft: 3074
  • Rooms: 11+5
  • Bedrooms: 3+0
  • Bath: 3
  • Parking Spaces: 6
  • A/C: Central Air
  • Basement: Development Potential, Separate Entrance, Full, Finished
  • Exterior: Brick
  • Heating: Forced Air, Natural Gas
  • Taxes: $4,345.00 (2021)
  • Exposure: South

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Room details and dimensions

Statistics for similar Single Family Residence homes in North E

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Single Family Residence homes in North E

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Single Family Residence homes in North E

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  • Contact Manoj Kukreja

    Sales Representative, Re/max Premier Inc., Brokerage
    (647) 576 - 2100