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577 Third Street London Ontario, Canada

159-163 Ferguson Drive

159-163 Ferguson Drive

Units76

Built1990

Registered as condos1991

Average MLS Selling Price 2022, 2 bedroom$501,700 (based on 3 MLS sales)

Average MLS Selling Price 2022, 3 bedroomNo MLS sales

Average MLS Selling Price 2021, 2 bedroom$376,700 (based on 3 MLS sales)

Average MLS Selling Price 2021, 3 bedroom$406,600 (based on 5 MLS sales)

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Amenities:

Details:

Two side-by-side low rise condo buildings with white/beige colored stucco exteriors. There are also light blue colored accents between each level. The roof style is a flat roof.

Both buildings are "L" shaped in design and are built on slightly sloping lands. A distance of less than twenty feet separates these two structures and a set of steps between these two buildings lead down to a magnificent courtyard area of recently reconstructed greenery. See our pictures.

Then just behind all of this is a row of trees and behind them, the former "Cedar Creek Golf Course".

In these two buildings there are sixteen units on the lower level; twenty four units on the second level, which is the main floor level that you can see from the street; 20 units on the third level and sixteen units on the fourth level. The two bedroom units are in the 869; 884; 898; 974; 1,000 and 1,140 square feet range and the three bedroom units are in the 1,000; 1,006; 1,119; 1,316, 1,320 square feet range. All of these units enjoy individual heating and air conditioning units. That is a good thing. However, they may sometimes need updating. A small number of units enjoy roof top decks.

Controlled entry; elevator; storage lockers may be available. Many units have in unit laundry but not all units. There is a coin operated laundry. In the 159 Ferguson Drive building, there is an exercise/party room area. BBQs are permitted. Open parking and plenty of visitors parking. The condo fees going into 2023 on a typical two bedroom unit are in the $381.00 per month price range. This is a neighbourhood basically void of the hustle and bustle of retail activities. It is also close to the "Southgate Senior's Centre" and the new hospital.

Unit conditions may vary. Low turnover rates. Be prepared for bidding wars. Unit conditions may vary. People will always be downsizing and these units offer enough space for one or two people to live comfortably. The same situation now exists with the "Canterbury Street" condo buildings in Ingersoll.

In this neighbourhood, 90% own; 10% rent. Apartments make up 25% of the housing stock. 16% of the population is aged 65-74 and 11% is 75+.

Property Manager:

Wilson Blanchard 519-620-8778

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