126 Belmont Drive
Units58
Registered as condos1990
Site Size4.3 acres
Average MLS Selling Price 2025$385,000 (based on 2 MLS sales). Average days on market: 23
Average MLS Selling Price 2024$432,500 (based on 2 MLS sales). Average days on market: 56
Average MLS Selling Price 2023$442,500 (based on 7 MLS sales). Average days on market: 29
Average MLS Selling Price 2022$529,500 (based on 12 MLS sales)
Average MLS Selling Price 2021No MLS sales
135 Belmont Drive
Units67
Registered as condos1998
Site Size4.5 acres
Average MLS Selling Price 2025$373,000 (based on 9 MLS sales). Average days on market: 46
Average MLS Selling Price 2024$405,000 (based on 6 MLS sales). Average days on market: 50
Average MLS Selling Price 2023$433,800 (based on 5 MLS sales). Average days on market: 11
Average MLS Selling Price 2022$527,800 (based on 13 MLS sales)
Average MLS Selling Price 2021Sample size (1) too small to report
Both of these complexes are now in the process of being converted to condos from rentals. This process started in 2021. We note that 105 Andover Drive, about five blocks away to the west, underwent a similar conversion process back in 2020. As London continues to grow expect to see more of this happening. If you are out exploring the neighbourhood, you will discover that two other slightly smaller complexes with the addresses 136 Belmont Drive and 20 Hillsborough Road also share the same design details. Both of these two complexes have different owners.
126 Belmont consists of 3 clusters of 3 units; 3 clusters of 5 units; 2 clusters of 6 units; 2 clusters of 7 units and 1 cluster of 8 units. They have brown brick, tan siding, black and grey eaves and brown and black shingles. Fenced rear courtyards. These are three bedroom gas heated units with one parking space per unit and 1190, 1193, 1208 and 1224 square feet of above ground living space.
135 Belmont, on the north side of the street, consists of 4 clusters of 4 units; 2 clusters of 5 units; 4 clusters of 6 units; 1 cluster of 8 units and 1 cluster of 9 units. Here you will find three clusters of red/brown brick units with tan siding. The remaining clusters have sand coloured brick with pale yellow siding. This complex has both brown and black shingles. Unit sizes of 1176, 1192, 1205, and 1215 square feet, three upper bedrooms, gas heat, fenced in rear courtyards, open parking, some but not many mature trees. These two complexes are now both in the 35 years age range. Some rental conversion projects offer better value than others. Do your homework.
In this neighbourhood, 30% own , 70% rent. 68% are living in apartments and 25% are row houses. 24% of the population is 65+ years of age. English is the dominant language spoken at 55% followed by Arabic at 13%. 53% of the neighbourhood was built between 1981 and 1990.
Melborne Property Management