Detached Condos in London Ontario

  What are detached condos ?

 Detached condos in London Ontario and area may look like single-family homes, they can be one floor bungalows or ranches or  two story homes but with condo community rules and regulations.

detached condos in London Ontario

There are technically 5 types of condos but most detached condos are vacant land condos, leasehold or freehold, this 4 minute explanation of the last 3 can be found here.

Detached condos give buyers the single-family homes they want and in some cases can eliminate exterior maintenance chores, just as with traditional condo townhouses.

In most detached condo communities each owner is responsible for their own interior maintenance.  Exterior building maintenance, such as windows, roof and ground maintenance in a detached condominium community may or not be the responsibility of the condo association. However, some detached condo communities may require each condo owner to see to her own exterior maintenance issues. As with all condo corporations, detached condo require monthly fees as well and are usually less than traditional townhouses.

Many detached condo communities have individual units that appear identical on the outside, while a few allow different designs. Detached condos are also similar to traditional condominiums in that they’re less expensive compared to actual single-family homes.

Like all other types of housing, detached condominiums come with advantages and disadvantages. Beside their relative price advantages, detached condos usually offer the safety of gated or controlled communities and normal condo amenities such as recreational facilities or a clubhouse.

Detached condominiums are a way to buy relatively more home for less money than compared to single-family homes.

London Ontario has quite a few detached condo communities with some having a low fee of $50-$150 per month with the condo owner being responsible for the roof and windows while the rest of maintenance is covered by the condo corporation.

As is the norm, real estate prices in London are very attractive and detached condos in London start as low as $310,000 and as high as $1,150,000. At present there are 37 detached condos in London Ontario for sale including new and re-sale.

Buying or selling a detached condo will require more diligence from you, your lawyer and your Realtor, choose the last two carefully!

 

How to Price a London Ontario Condo To Sell

How to price a London Ontario Condo to sell is a question most owners and some Realtors ask themselves. Every condo owner has the best intentions when it comes time to sell their condo in London Ontario.  The natural inclination is to price the condo high, thinking they can always come down in the future.

How to price a London Ontario condo to sell

But a listing price that is too high frequently nets the seller LESS money than an original price at market value.

Why is this?

Buyers are smart, they are on search portals every day looking at condos similar to yours, so , they know about pricing and usually from the pictures, the condition and when  looking for condos in your price range, they will reject your condo in favour of other condos in a reasonable price range.

And here’s the real clincher:  Sales Representatives who would readily bring buyers through your condo will automatically cross it off their showing schedule because it’s priced too high.  They’re motivated to show condos in London with the highest probability of selling.  A wise Realtor will simply will not show overpriced condos ,they know market values because it’s their job to know.

So you price your condo high, thinking you can come down.  Problem is, the Realtor and buyer community don’t look at it that way.  They see it as an overpriced condo.  After a few months go by, three or 4 open houses,  agent tours…and not a nibble.

So you decide to lower your price again.  But it may be too late…your condo has already been “branded” as over priced.  So you reduce your condo a little more. And little happens. (Oh, you will get showings but you are helping the competition sell their condo when comparing yours to someone else who is priced properly!)

Finally, in order to attract attention back to your condo, you’ve reduced your condo price more than you ever thought you would, and you’re now netting much less than if you had priced it correctly in the beginning.

And think about this:

The money you lost is not just the lower sales price, but all the extra interest you paid on your mortgage…all the extra property taxes and other carrying costs that accrue while your condo is waiting to sell.  I’ve seen it happen time and again!

Real Estate Fact: A home seller is 100%  responsible for how much, and how quickly their condo in London Ontario sells! 

Yes, you listened to your listing Realtor about price and you interviewed others and you chose your Realtor because you felt they could market your condo , but if it does not happen in a reasonable time frame, who do you point fingers at?

Selling a condo in London Ontario should not be guess work!

2 Bedroom Condo For Sale London Ontario $119,900

2 bedroom condo for sale London Ontario $119,900 Move in Condition

•  1 bath, 2 bdrm single story – $119,900 CAD. Excellent Value
MLS® #594664

– A beautiful updated 2 bedroom Mills Landing condo apartment in a well maintained & managed property.

Freshly decorated in neutral tones, new kitchen and bathroom in November 2016, ceramic floors in kitchen & bathroom, laminate in living/dining room & hallways. Lovely gas fireplace for economical heat and comfort in the living room and patio doors to the balcony.

6 appliances and window coverings are included with easy access to Veterans Memorial Parkway, shopping and on a bus route.Condo fees include water.

A great salt water pool is on the grounds and an exercise centre in the building across. This is in move in condition and a please to view.

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London Ontario Townhouse For Rent North London

London Ontario Townhouse For Rent
Quiet Complex with Pool, easy access to Masonville Mall, Western and Fanshawe, on a bus route

– 770 Fanshawe Park Road E #48, is a 3 bathroom, 3 bedroom townhouse for rent for only $1,500.00 CAD. + utilities monthly. Inexpensive Living 

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Townhouse For Rent/Lease in North Park, London

Photo Link
Quiet Complex with Pool

•  3 bath, 3 bdrm townhouse$1,500.00 CAD. Inexpensive Living Monthly

– This large 3 bedroom, 21/2 bathroom townhouse is for rent only at $1500 a month plus utilities. This quiet complex has lots of parking and an outdoor pool. This home is being freshly painted as I type this, some new light fixtures and carpets being shampooed.

There is a gas furnace and central air for an economical heating and cooling and a fully finished basement with a 2 piece washroom. 3 very large bedrooms and the master has a 3 piece ensuite.

The living room and dining room are quite large and a patio door exit to the large brick patio for those evening BBQs and a sip of your favorite beverage.

Comes with 5 appliances and window covers.

The single garage is extra long for storage and lots of guest parking. On a bus route and easy access Masonville Mall, schools and shopping.

Again, this unit is being painted and carpets being cleaned, get a jump on the shortage of good places to rent, this is a gem!

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