505 London Rd

FOR SALE
$1,168,000
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
505 London Rd
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4
BEDROOMS
2
BATHROOMS
1
KITCHENS
8
ROOMS
N9282752
MLSID
Contact Us
Property Description
Lovely Detached 4 bedroom, backsplit-3, family home with approximately 1,895 sq. ft. (MPAC) of above grade interior space, in the heart of charming Bristol-London neighborhood! This solid home sits on a 48 feet frontage by183 feet deep lot. The backsplit floorplan is a thoughtfully designed floor plan that offers the perfect blend of comfort, style, and practicality for a growing family. Deceivingly bigger than it looks! The bright, open-concept living & dining areas are perfect for family gatherings and entertaining, while the cozy lower-level family room with fireplace and walkout to yard, provide another gathering space. The kitchen features lots of cabinets and countertop space and a breakfast area which walks out to a patio deck. Gleaming hardwood floors throughout! The lower level has the potential to be converted to a cozy self-contained In-law suite. 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
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 $1,168,000, which is $93,666 (7.4%) lower than the average sold price of $1,261,666 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 4 bedroom home in Newmarket declined by $116,167 (8.4%) compared to the previous 30 day period (July 17 - August 15) and down $86,934 (6.4%) from the same time one year ago.
Inventory Change
There were 72 4-bedroom homes listed in Newmarket over the last 30 days (August 16 - September 14), which is up 35.8% compared with the previous 30 day period (July 17 - August 15) and up 2.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Newmarket typically sold ($12,818) (1.0%) below asking price over the last 30 days (August 16 - September 14), which represents a $42,213 decrease compared to the previous 30 day period (July 17 - August 15) and ($6,556) less 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 (August 16 - September 14) stood at 37.5%, down from 45.3% over the previous 30 days (July 17 - August 15) and down from 62.9% 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 27 days when successfully sold over the last 30 days (August 16 - September 14), compared to 51 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max West Realty Inc.
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