500 Sunnystone Road
500 Sunnystone Road
Units41
Built2008
Registered as condos2008
Average MLS Selling Price 2023 (1st ten months)$728,300 (based on 3 “MLS” Sales)
Average MLS Selling Price 2022$834,600 (based on 7 “MLS” Sales)
Average MLS Selling Price 2021$686,400 (based on 5 MLS sales)
Amenities:
Details:
A sign at the entranceway built into a brick wall says "500 Sunnystone Road Luxury Townhouses". Do you know why the word "luxury" was part of the wording? The short answer is that until 2021-2022 this complex spent the first part of its life as a rental complex. This complex is approximately fifteen years old and for the first part of its life its purpose was a rental complex. That is why the word luxury is part of the signage.
It is a rental conversion project. In 2021 units here were offered for sale for the first time and they continue to be offered for sale in 2022. All five of the sales which happened here in 2021 were extensively upgraded before any new occupants moved in and this trend to be offered in 2022 and 2023.
These are two bedroom units with double car garages in the 1,195; 1,230; 1,244 square feet range. These units also have finished lower levels of living space. Light grey front bricking, light grey siding on three sides, white trim, brown garage doors and brown sidings over the garage, taupe coloured eaves and facia, brown shingles, covered front entrances, large rear decks. The condo fees here in 2023 were $330.00 per month.
This complex is tucked away amongst many high end houses in a neighbourhood close to schools and shopping. Rental conversion projects is something that we are going to see more of as London continues to grow.
** In this neighbourhood 77% own, 23% rent. 85% of the neighbourhood is single family homes and 14% townhomes. 82% of the neighbourhood was built between 1991-2010. English is the dominant language spoken at 51%, Mandarin at 10%, Korean at 7%, Arabic at 6%. English and non official 4%. 48% of the adult population have university degrees. 12% of the population is 65+.
Property Manager
Parkside 519-652-6122