Western University
London
Your Condo World
Specializing in Sales, Rentals and Investments for Condominiums!
740, 750, 752, 754, 756, 758 Kipps Lane
740, 750, 752, 754, 756, 758 Kipps Lane
Units (740 Kipps Lane)90 (10/floor. 9 stories)
Units (750 Kipps Lane)112 (14/floor. 8 stories)
Units (752 Kipps Lane)90 (10/floor. 9 stories)
Units (754 Kipps Lane)112 (14/floor. 8 stories)
Units (756 Kipps Lane)131 (11 on first floor, 12 on floors 2-10)
Units (758 Kipps Lane)131 (11 on first floor, 12 on floors 2-10)
Builtestimate pre 1986
Registered as condos (740 Kipps Lane)2002
Registered as condos (750 Kipps Lane)2002
Registered as condos (752 Kipps Lane)2002
Registered as condos (754 Kipps Lane)2002
Registered as condos (756 Kipps Lane)1997
Registered as condos (758 Kipps Lane)1997
Average MLS Selling Price 2022, 1 bedroomNo MLS sales
Average MLS Selling Price 2022, 2 bedroomNo MLS sales
Average MLS Selling Price 2021, 1 bedroom$289,900 (based on 4 MLS sales)
Average MLS Selling Price 2021, 2 bedroom$313,700 (based on 8 MLS sales)
Amenities:
Details:
In the summer of 2021 twelve units in these buildings appeared on the MLS system as being for sale. Previous to this time all of these units were rentals. Shortly thereafter all of these units were reported as being sold with no further units coming to the market. All of these units were reported as having extensive makeovers with tenants living in them. Buyers only got to see their units after the purchase was made.
There are four "L" shaped front buildings and two rear rectangular shaped buildings. With the "L" shaped buildings one unit per floor, a one bedroom unit will not have a balcony. The one bedroom units are 750 s q. ft. and the two bedroom units 950 sq. ft. A neighbouring clustering of highrise buildings to the immediate east consists of one cluster of three buildings and one cluster of two buildings. In this neighbourhood 100% of people live in highrise buildings and up until these units came on the market, 100% of the population rents. Open parking, pet restrictions in building and laundry facilities.
To the immediate west is an area of greenery known as Wells Park with a playground area. To the north is a bike path along the Thames River. A recently completed new bike path will take you all the way over to Richmond Street.
A similar type of condo conversion project happened at 563, 573, 583 Mornington Avenue where the one bedroom unit sizes are smaller at 501, 580, 680, 683 and 707 sq. ft. and the two bedrooms are 883 sq. ft.
Finally, with the Kipps Lane units we note that in this area 8% of the population living here is 65+ and 19% aged 0-19. 57% of the population speaks english, 21% other languages, 4% multiple languages, 3% english as non-official and 3% mandarin.
Will this rental conversion to condo trend continue? Most likely. London has never before witnessed real estate markets this strong.
Property Manager
SIREG