Monday, October 7, 2019

Condo Infill Units Popular in London, Ont.



It wasn't a large piece of suburban land but that didn't stop a creative developer team from building almost two dozen condo unit. Some folk object to the cookie cutter look of infill projects such as this. To which, I say, humbug. If the cookies are good, a small batch of them is delightful.

Checking the MLS records, I discovered the average selling price in 2017 was $580,500 Cdn. (or about $436,300 U.S. or £354,400 GPD). That was up from $549,800 a year earlier. There were no sales the following year and I didn't see any sales this year. It is safe to say that these units have increased in value.

The exteriors are a mix of stone and brick, inside there are nine and 10 foot ceilings plus some units have vaulted ceilings. At the rear of each unit is a covered rear deck. The units vary in size from 1534 sq. ft to 1844 sq. ft with 7 sizes in between. These units look similar but clearly there are some major differences when it comes to the layouts.

Units such as these are popular with retired folk. Being condos, all exterior work is handled by the condo board. My friends who live in condos appreciate not having to cut grass (as I do). And if the seniors lived in Toronto or had a lakeside home, as two of my friends did, selling and moving to London left them with additional cash when the financial dust from the move had settled.

1 comment:

William Kendall said...

Soldiers on parade is what I think of them, the same designs over and over again.