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London, Ontario


600 Sarnia Road London Ontario, Canada

600 Sarnia Road

600 Sarnia Road

Units46

Built2007

Registered as condos2005 and 2007

Average MLS Selling Price 2022$594,000 (based on 4 MLS sales)

Average MLS Selling Price 2021$431,400 (based on 2 MLS sales)

Average MLS Selling Price 2020Sample size (1) too small to report

Average MLS Selling Price 2019$320,500 (based on 3 MLS sales)

Average MLS Selling Price 2018No MLS sales

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Details:

"Western Crossing"

"Domus Built". Purpose-built, three plus two-bedroom units built for rental purposes and owned mainly by investors. Other condo complexes in north-west London also shares this feature. These units have 1183, 1300 or 1386 sq. ft. of above ground living space. With the lower levels being finished the living space numbers jump to 1657 and 1850 sq. ft. Built with one block of two units, two blocks of three units, four blocks of five units and one block of six units. These are all cream-coloured full vinyl sided units with black shutters, white trim, false upper dormers and a small front covered entranceway. Each unit has a rear single door with wooden steps leading out areas of grass. There are no rear decks or patio areas. Each unit has a rear door with primitive wooden steps leading down to the ground level.

Rear train tracks slightly below grade abut the southern side of this complex. Outdoor open parking and minimal landscaping. On the plus side is the purpose-built design. Each unit has three upper bedrooms with an upper four-piece bathroom, a main floor kitchen and living room/dining room area and on the lower level two more additional bedrooms with legal sized windows and a second four-piece bathroom. What a clever way to accommodate the needs of five different occupants.

Note also the large "for rent" billboard sign posted on the side wall of one of the clusters on the easterly side of the complex when you first drive in. For the last 30 years, these units have been predominantly used for student living rental purposes. Such usage can be hard on a unit. Many front doors now need to be refurbished, screens need to be replaced and other deficiencies require attention. Somehow, it all seems to work and many landlord investors are long term owners. Once again, this complex was built for rental purposes.

The condo fees in 2023 are in the $309 per month range and include garbage removal. There is a no pet policy.

Property Manager: EQB Ltd.

EQB 905-848-3300



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