Ty Lacroix Broker of Record & Owner
181 Commissioners Road W London, ON N6J 1X9
Phone: 519-435-1600 Email Ty

University Western Ontario Houses & Condos


Over the years I have seen some poor decision making or a lack of common sense concerning the purchase or sale of houses and condos near The University of Western Ontario and  Kings College.

 If you keep your ducks in a row, buying a property will be easier and selling a property most likely will get you more money and prevent any delays in selling!

Ducks in a Row

 Below are all the apartment & townhouse condos that sold in 2017 through our MLS system, I have also prepared a breakdown of student properties or 3-5 bedroom houses that parents or investors have purchased or sold through out the past 12 months, plus, what is currently available.

  I have not made this information readily available about the income properties  because unfortunately, there are a few people in this world who abuse information and cause harm. If you are quite serious about this factual information, be it as a buyer,seller or investor, contact me.

 In this so called information age, is there too much information? Could be, but I am alarmed by the amount of false information that is out there, especially when it comes to real estate.

  I speak with London home buyers and home sellers every day and the questions I get asked, the perceptions they have and in some cases, a real estate market belief system so strongly embedded that in time could be harmful to their financial wellbeing.

  If people hear the same thing, read the same thing or misunderstand something enough times, they believe it without asking the best question of all: "Is it true?"

 If someone was thinking of selling or buying a house or condo in London Ontario,  would it not make sense to know the facts & make a decision rather than basing a decision on guesswork, false perceptions and emotional bravado?

    Facts & Figures Real Estate Western University

2017 Condo Sale Prices Near Western
This 4 page report includes the 115 sale prices of the townhouse & apartment condos that sold near The University of Western Ontario through MLS in 2017, such as asking price and sales price along with how many days they took to sell and percentages.
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Why Some Properties in London Ontario Take Longer to Sell?


   I keep track of properties in London Ontario that are for sale, how long it takes to sell( days on the market) and what percentage of the sale price to the asking price. What is the reason why some houses sell for 98%-103% of the asking price or more and are sold within 13 days and others receive 95-96% of the asking price & are on the market an average 83 days or do not sell at all?

  No offers yet on your house in London

 When a house is not priced correctly the first day it goes on the market and if the price is too high, this is usually what happens:

  • LOW Final Sales Price - An overpriced house, still on the market beyond the average selling time, usually leads to a lower selling price. To sell it, you will have to reduce the price, sometimes several times. In the end,you’ll likely get less than if it had been properly priced at the start.

 

  • Limited Buyers - Potential buyers may not view your house, because it would be out of their buying range.

 

  • Limited Showings - Realtors may be reluctant to view your house or bring their clients because the listing is stale and buyers wonder what is wrong with the place.

 

  • Wasted Time and Energy - For example, a buyer who gets a bank appraisal on an overpriced house will quickly determine that they've wasted their time because the appraisal will not support the inflated sales price.

 

                       Weeks on Market For a House to Sell

Well kept houses in London Ontario,  properly priced when you first list it will always get you a quicker sale and  97% of the time the best price! 

 Read more


Can You Make Money Buying a Townhouse in London?


    Over the last 6 months I have worked with 7 young singles who wisely bought either a condo apartment or a townhouse in London Ontario and had help in reducing their living expenses and for two of them, earning about $200 month over their mortgage, taxes, utilities and condo fees!

  Millennials meaning

  How did they do it?

   Not to make this a 30 minute dissertation on buying a condo in London Ontario and for brevity sakes, here is how one did it.

  He works for a gaming company here in London and by his words, a 'nerd'. He had been following my blogs and website for 8 months and finally emailed me that he was thinking about buying a house or a condo in London.

  We met in my office and went over his perceived criteria, his fears , financing and his ideal property for resale because he felt headhunters would be coming after him in a year or two and wanted to ensure that if he sold his property, he would not get fleeced too much.

nerd buying a condo

 After doing what I call 'Market Education' (we looked at 3 houses in various parts of London & 4 condos, 2 apartments and 2 townhouses) we then sat down again and he was much more informed what he could afford and the style he preferred. He chose a townhouse because of the long and weird hours he was working and thought a hammer was a female hamster! (I s**t you not!)

 At his work, his company is growing rapidly, people coming and going and we discussed about how he could maybe rent out a room and still have privacy, yet help in paying down his mortgage.

 Well, that was a no-brainer! He had 5 co-workers who jumped at the idea. I helped him buy a 3 bedroom townhouse for a good price that offered some  individual privacy and a place that was move in ready.

 His mortgage payments, condo fees and taxes came to $912 per month ( he was paying $850 a month for a dinky apartment) and got a co-worker to rent a room for $500 per month and share the utilities! Also, I suggested he meet with one of the lenders I use, ( he said he was pre-approved by a mortgage broker , I said he should get another opinion), which he did, and he saved .7% in interest fees, less hassles and did not have to spend 13 hours filling out forms, documents and what colour socks he wore!

 Who's the nerd now? 

 He was so pleased in how the whole process worked, he referred me to some of his co-workers, even one of the co-founders of the company. They are happy and I am happy!

happy nerd buying real estate

  You can be too!

 Note: He just got a 2016 year end bonus and has used it as a downpayment on another town house!

  I just wrote this new report that may get you thinking about retiring in 15-20 years. The problem with this plan is that it is too simple and we humans just like to complicate things and listen to opinions from people without any finacial sense!

  London Ontario 10 Home Investment Plan


Sutton Group Envelope Real Estate Brokerage Inc


  Sutton Group Envelope Real Estate Brokerage In

    181 Commissioners Road West, London Ontario N6J 1X9                                                                  519-435-1600                                                                                                                                        www.envloperealestate.com

    www.condosinlondon.com                                                                                                                    www.tylacroixrealtor.com         

 

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