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76 Base Line Road London Ontario, Canada

76 Base Line Rd. West
"The Sovereign"

76 Base Line Road West

Units86

Floors11

Built1994

Average MLS Selling Price 2017, 1 bedroom$102,300 (based on 2 MLS sales)

Average MLS Selling Price 2017, 2 bedroom$128,200 (based on 10 MLS sales)

Average MLS Selling Price 2016, 1 bedroomSample size (1) too small to report

Average MLS Selling Price 2016, 2 bedroom$113,700 (based on 4 MLS sales)

Average MLS Selling Price 2015, 1 bedroom$99,000

Average MLS Selling Price 2015, 2 bedroom$115,400

Average MLS Selling Price 2014, 1 bedroomSample size (1) too small to report

Average MLS Selling Price 2014, 2 bedroom$107,300

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Details:

Balconies. The two-bedroom units have ensuites. Laundry in units. Close to shopping and buses.

Many of the high-rise condo buildings along Base Line Road West have a history of small ongoing special assessments. This is typical of what sometimes happens with structures from the late 1980's and early and mid 1990 buildings.

Both windows and underground parking garage surfaces can sometimes be an issue however in this case, none of the buildings at #76; #77; #95 and #135 Base Line Road West have underground parking lots.

Often times with these buildings elevator work is necessary and general common area improvements. During flat or sideways moving real estate markets these minor ongoing special assessments can often discourage new buyers from finding value with these types of units. Real estate agents too can often times get caught up in a similar mindset as the most recent sales histories can dictate the suggested new asking prices.

Then came the largely unexpected real estate markets of 2017 where the previous selling prices on these two bedroom units of $113,300 in 2016 and $115,400 in 2015 got largely swept under the carpet. In 2017 ten two bedroom units sold in this building with two units selling out for over the $140,000 mark and with an average selling price of $128,200 on these ten sales. These types of selling price increases on older condo buildings similar to this one was quite common all across London in 2017.

Property Manager

Thorne 519-660-1904



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