505 London Rd

FOR SALE
$1,068,000
505 London Rd, Newmarket
505 London Rd
505 London Rd
505 London Rd
505 London Rd
505 London Rd
505 London Rd
505 London Rd
505 London Rd
505 London Rd
505 London Rd
505 London Rd
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4
BEDROOMS
2
BATHROOMS
1
KITCHENS
8
ROOMS
N11911084
MLSID
Contact Us
Property Description
Deceivingly larger than it looks! Solid detached 4 bedroom, backsplit-3, on a 48 feet x 183 feet deep lot with an approximately 1,895 sq. ft. (MPAC) of above grade interior space. The bright, open-concept living & dining areas are perfect for family gatherings and entertaining, while the cozy lower-level family room with a gas fireplace and a patio door walkout to the private yard, provide another gathering space. The kitchen features lots of cabinets and countertop space and a breakfast area which walks out to a deck. Gleaming hardwood floors throughout! The lower level, and the basement have the potential to be converted to a cozy self-contained In-law suite, with it's own separate entrance - the basement is an unfinished blank canvas waiting for your creativity and finishes. Private backyard is fully fenced. Situated close to parks, top rated schools, GO Train , and trails. Easy commute to highway 404.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-12-03 2025-01-07 35 $1,150,000 - Terminated
2024-08-28 2024-11-30 94 $1,168,000 - Expired
2022-06-28 2022-08-25 58 $999,000 - Terminated
2020-02-11 2020-02-17 6 $2,300 $2,300 Leased
Property Features
Fenced Yard, Hospital, Level, Park, Public Transit, School
Property Details
Street
Property Type
Detached, Backsplit 3
Approximate Sq.Ft.
1500-2000
Lot Size
49' x 184'
Lot Irregularities
Irreg Lot (No Survey)
Fronting
North
Taxes
$5,250 (2024)
Basement
Unfinished
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain11.19' x 18.90'Hardwood Floor, Bay Window, South View
DiningMain11.19' x 10.07'Hardwood Floor, Large Window
KitchenMain10.60' x 15.29'Ceramic Floor, B/I Dishwasher
BreakfastMain10.60' x 15.29'Ceramic Floor, Combined W/Kitchen, W/O To Patio
Prim BdrmUpper13.85' x 13.85'Hardwood Floor, 5 Pc Bath, His/Hers Closets
2nd BrUpper9.97' x 12.30'Hardwood Floor, Large Window, Double Closet
3rd BrUpper11.22' x 12.30'Hardwood Floor, Large Window, Double Closet
4th BrLower12.34' x 14.11'Hardwood Floor, Large Window, Double Closet
FamilyLower11.06' x 21.49'Laminate, Gas Fireplace, W/O To Yard
LaundryBsmt21.59' x 24.70'Unfinished
Newmarket Market Statistics
Newmarket Price Trend
505 London Rd is a 4-bedroom 2-bathroom home listed for sale at $1,068,000, which is $244,105 (18.6%) lower than the average sold price of $1,312,105 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Newmarket increased by $19,963 (1.5%) compared to the previous 30 day period (December 22 - January 20) and down $138,552 (9.6%) from the same time one year ago.
Inventory Change
There were 52 4-bedroom homes listed in Newmarket over the last 30 days (January 21 - February 19), which is up 92.6% compared with the previous 30 day period (December 22 - January 20) and up 2.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Newmarket typically sold $10,126 (0.8%) above asking price over the last 30 days (January 21 - February 19), which represents a $43,397 increase compared to the previous 30 day period (December 22 - January 20) and ($15,645) more 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 4-bedroom homes in Newmarket over the last 30 days (January 21 - February 19) stood at 36.5%, up from 25.9% over the previous 30 days (December 22 - January 20) and down from 68.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Newmarket stood at 24 days when successfully sold over the last 30 days (January 21 - February 19), compared to 44 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max West Realty Inc.
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