Real Estate Recap: October 20, 2021

Residential market analysis and a sampling of high- and low-priced listings in London

LOVE YOUR NEIGHBOUR. Respect others in your community. This is true of the house next door, as well as the unfortunate and broken souls that find themselves on the street, without a home. 

I recently had the honour of touring Indwell’s nearly complete Embassy Commons project in Old East Village. The number of Londoners dependant on housing assistance is overwhelming. But there is light at the end of this tunnel and Indwell is one of the fabulous organizations making a difference. Through their network of funding sources, they turn every $1 donated into $10 of investment.

Indwell has been operating Woodfield Gate (356 Dundas Street) for a few years already. Embassy Commons is close to completion and will provide assisted housing for another 72 individuals in need. In SoHo, on the old Victoria Hospital site, they are converting the two remaining historic buildings into another 120 units.  Indwell has two more projects moving at record speed in St. Thomas as well.

An architectural rendering of soon-to-be-completed Embassy Commons at 744 Dundas Street

The run-up of house valuations has created enormous wealth in our community, yet there has never been greater need than there is today. The recent capital gains from the rise in real estate values should be leveraged on behalf of those who don’t own, and therefore are at the mercy of the economic system. Homeowners, builders, developers, material suppliers and others need to become part of the solution. The dividends will include a more livable city, a more equitable city ― and a warm heart on behalf of those who make a difference.

There is so much good being done in our city, by well-meaning, hard-working organizations and volunteers. I often speak about the health of our community; solving homelessness and improving the stock of affordable housing is one of the greatest gifts we can give our city. London’s health is tied to how well we treat and care for the most marginalized.

I ask that you learn more about Indwell (www.indwell.ca) and organizations doing like minded good work.

Market analysis provided by Marcus Plowright, Sales Representative, A Team London. Marcus can be reached at 519-872-8326 or marcus@ateamlondon.ca.

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London East

Low

Address: 105-1170 Hamilton Road
MLS number: 40159105
List price: $169,900
Days on market: 53
Size: 1 bedroom, 1 bathroom, 505 square feet
Listing agent: Scott Vannoord, Sales Representative, Sutton Group- Select Realty Inc, Brokerage

High

Address: 1129 The Parkway Street
MLS number: 40177298
List price: $1,780,000
Days on market: 4 
Size: 7 bedrooms, 4 bathrooms, 3,000 square feet
Listing agent: Carmen McClemont, Sales Representative, Century 21 First Canadian Corp., Brokerage

London North

Low

Address: 90 Inverary Road
MLS number: 40174177
List price: $394,900
Days on market: 5
Size: 3 bedroom, 2 bathroom, 1,100 square feet
Listing agent: Christine Panyi, Sales Representative, Re/Max Advantage Realty Ltd, Brokerage

High

Address: 1364 Corley Drive
MLS number: 40156050
List price: $2,200,000
Days on market: 61
Size: 5 bedrooms, 5 bathrooms, 4,019 square feet
Listing agent: Carlo Castellani, Sales Representative, Century 21 First Canadian Corp., Brokerage

London South & West

Low

Address: 207-1580 Ernest Avenue
MLS number: 40175982
List price: $295,900
Days on market: 7
Size: 3 bedroom, 1 bathroom, 875 square feet
Listing agent: Bernice Tracey, Sales Representative, The Realty Firm Inc., Brokerage

High

Address: 3472 Grand Oak Crossing
MLS number: 40156360
List price: $1,999,900
Days on market: 57
Size: 6 bedrooms, 5 bathrooms, 4,289 square feet
Listing agent: Lynne Mallette, Sales Representative, Sutton Group-Select Realty Inc., Brokerage

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Disclaimer: London Inc. does not guarantee the accuracy of the statistical data on this page. The data does not represent the listings of any one agent or agency but represents the activity of the real estate community in the area. Any real estate agent’s ad appearing is separate from the statistical data provided, which is in no way a part of their advertisement.