Western University
London
Your Condo World
Specializing in Sales, Rentals and Investments for Condominiums!
1600 Adelaide St. N.
1600 Adelaide Street North
Units117
Floors10
Built1989
Registered as condos1988
Average MLS Selling Price 2022, 1 bedroom$410,833 (based on 3 MLS sales)
Average MLS Selling Price 2022, 2 bedroom$497,000 (based on 3 MLS sales)
Average MLS Selling Price 2021, 1 bedroomNo MLS sales
Average MLS Selling Price 2021, 2 bedroom$380,900 (based on 11 MLS sales)
Average MLS Selling Price 2020, 1 bedroom$213,300 (based on 5 MLS sales)
Average MLS Selling Price 2020, 2 bedroom$273,800 (based on 8 MLS sales)
Amenities
Details:
One and two-bedroom units. Twelve units per floor except eight units on the main, secure entry, exercise facilities on main level, the easterly views are of a small ravine area and green space. Many units have in-suite laundry. Grocery shopping is just one block away to the south-west. Buses close by to University Of Western Ontario and Fanshawe College. Affordable, clean and safe apartment-style living can be found here. This building and 600 Grenfell are the only two high rise apartment buildings available for sale in the north-east section of London in this price range.
The condo fees for a two bedroom unit in 2021 was in the $360.00/month range. One bedroom units are typically 700 or 720 sq. ft. and the two bedroom units are 860, 896, 916 and 950 sq. ft. This building does not have balconies.
We note that the one bedroom units in this building sold for $121,600 back in 2017 and the two bedroom units sold for $143,900. Investors who have used these units as rented units have done well on their investment.
* In this neighborhood, 49% own and 51% rent. 73% of the population lives in apartments, 16% single family homes and 11% row houses. 11% of the population is aged 65-74 and 7% 75+. The dominant language spoken is English at 66%, Korean at 6%, Arabic at 5% and Mandarin at 4%.
Property Manager:
Thorne 519-660-1904