1030 Coronation Drive London Ontario


                  1030 Coronation Drive London Ontario     1030 Coronation Drive London Ontario

    1030 Coronation Drive London Ontario is another elegant, quality built 182 unit condo apartment building built by Tricar and is in the Hyde Park neighbourhood in North West London Ontario. Easy access to the University of Western Ontario and downtown London, 2 minutes to the big box stores, restaurants, banks and service providers.

    The condo fees include heat, water and air conditioning; there is underground parking, lockers available, an exercise room if you don’t want to use the stairs and a media room to fall asleep in if you do use the stairs!

    • As of November 6, 2019,  4 one-bedroom apartment condos sold ranging from $265,000 to $280,000. Eleven 2 bedroom apartment condos at 1030 Coronation sold, from as low as $333,000 to $630,000 and one 3 bedroom apartment at $532,000. The days these sold were from 2 to 126 days! When apartment condos in London are not selling, it means the marketing and promoting are not compelling! Do not risk hundreds of thousands of dollars languishing on the market, let us show you how!

     

    • In 2018, 14 sold, three one-bedroom apartments from $234,900 to $289,900, nine two-bedroom residences from $305,000 to $339,900 and 2 three-bedroom apartments, one at $325,000 and the other $575,000.

     

    • In 2017, 23 apartment condominiums sold through our on MLS system in London from as low as $216,000 for a one-bedroom apartment and up to $577,000 for a three-bedroom unit, these took about 29 days to sell.

    1030 Coronation Drive London Ontario Lobby  1030 Coronation Drive London Ontario Library  1030 Coronation Drive London Ontario Gym

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    What Savvy Real Estate Condominium Buyers & Sellers Do


    Ever wonder how some people get more money for their home or how they seem to go through the buying process with less stress and save thousands of dollars? We have helped hundreds of satisfied buyers and sellers of real estate over the last 18 years, learn these insider ideas and you too will have a great real estate experience and save money as well!

     

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    Before Buying a London Ontario Condo, Do This!

     Before you start looking for a condo in London Ontario to purchase, size, style, price & condition are all taken into consideration, but before you make an offer, have you given any thought to?

    Looking for townhouses in London Ontario

    1. Who lives here? What age group? Children?
    2. What are the average prices for the last 12-18 months?
    3. What are the average days on the market for these condos?
    4. How long has this unit been on the market & how many times?
    5. Are there any planned construction nearby that will affect or destroy your views or traffic flows?

    And then, if you do make an offer, what you and a good Realtor will do:

    1. A Financing Clause if necessary
    2. A Home Inspection- Yes it is a condo and the roof, windows and doors may be covered by the condo corporation, but -Put it in!
    3. A Status Certificate- The financial situation of the condo corporation & don’t just rely on your lawyer’s opinion, they know the law, they are not accountants or financial advisers.
    4. What are the condo rules, are pets allowed, visitor parking, etc? (A good real estate lawyer will be able to tell you that after he or she has reviewed the status report)
    5. What percentage of units occupied are owner-occupied vs renters? (A good real estate lawyer will be able to tell you that after he or she has reviewed the status report)

    So, it can get quite exciting and fun looking for and selecting a condo to buy in London Ontario, but if you let emotions cloud your judgement, it could get costly or cause you to be dissatisfied in a few months!

    Like any great meal or a piece of cake,  it helps to know what the ingredients are that make it great and in what order they have been entered!

    How Much Is My Condo Worth?
    How Much Is My Condo Worth?

    Why Some London Ontario Apartment Condos Take Longer To Sell

    I should warn you before you read anymore that the comments I am going to make about why some apartment condos in London Ontario take longer to sell are out of frustration and exasperation and are no means to imply that the events that occurred will happen again. (Can pigs fly?)

    Frustrated in London

    My clients were interested in downsizing from their 2 storey home and were interested in seeing 2 bedroom units in this particular building all within $25,000 of each other in price. From $397,500 to $425,000.

    We chose a Thursday for the viewings and so on Tuesday morning, I proceeded to make arrangements for showings. Because we were interested in only this building, there were 6 listed for sale.

    One agent replied within an hour that the time scheduled would be fine, another two replied the next morning and one in the afternoon that it was ok to show the units. As I had not heard from the other two, I called their offices and used our appointment scheduler called Touchbase. One called back right away and said she was sorry, she forgot to confirm.

    The other agent I never ever did hear from, even after 3 attempts and I see, 2 weeks later, this condo is still listed for sale.

    The evening before the scheduled showings, I did some homework. I pulled up everything that was sold in the building over the last 2 years, called a past client (who had purchased from me years ago) in the building and asked how happy she was, any complaints, how was the property manager, how solid the condo corporation was and other pertinent questions that would enable me to inform my clients on the condo culture of this building.

    I pulled up the current taxes from the city for the units and only 1 out of 6 were accurate as per what was shown on the listing data form! I don’t mean by a few dollars, in one case $1732.00 difference!

    The condo fees shown for all 6 units had a difference of $131.16! How can that be? Subsequently checking on things and talking to the Property Manager, the difference in fees were about $7.00 per floor! Only one condo unit had an accurate current condo fee.

    Fair is fair, I thought, mistakes happen and I will be putting in clauses if my client does decide to put an offer in to verify all condo fees, taxes and any other discrepancies.

    wrong key

    On the day of the showings, I meet my clients in the lobby where lockboxes are that hold the keys for entrance to the building and individual units. My day is not starting out well, there are 9 lockboxes and only one is identified with the unit number? Opening up a few, there were some keys tagged with the unit # but some weren’t! My male client thought this was funny or was laughing at me because I only have 4 pockets on my pants and could only keep track of 4; he had 4 pockets as well so he helped!

    A couple of the units we saw were as per the listing data, appliances, room sizes and amenities, one unit was a disgrace, one unit the occupant would not let us in (nobody told me you were coming, she said) and 2 units were out to lunch in the price.

    So now we get back down to the lobby, play Russian roulette with the keys and lockboxes and say to my clients “ Well, what do you think?” with a straight face, I might add.

    Other than the usual comments like poor layout, overpriced compared to others, condition of the units, my clients just kept shaking their heads and asking themselves is this what they really want to do or move here?

    Obviously, they did not purchase anything that day but one week and 2 buildings later, they purchased a beautiful unit that they and I liked. They now know and my past clients know why I choose to work with just a few clients at a time because having to prepare properly before every showing because of lack of faith in the listing data, is time-consuming and for the buyer, creates a bit of mistrust in the MLS listing.

    Again, I want to reiterate that not all real estate agents were like some of the above and if you do list your condo, check weekly that the information on the listing is accurate. For two reasons, to ease the uncertainty of the buyer and prevent you from having your condo sit on the market while others are selling!

    Note: I wrote this 4 years ago and as pigs still have not learned how to fly, I had similar challenges twice this year already.

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