529 Grey Street Sold 8 days ago

London, East K, N6B 1H4

$374,900$000000

Description

Listed by A TEAM LONDON.

Endless possibilities! 2 bedrooms on the main floor and separate entrance to walk-out lower level 2 bedroom unit. Main floor is currently mid renovation drywalled with bare floors and no kitchen or bathroom and is a blank slate. Lower level fully finished. Add an Additional Residential Unit (ARU) in the deep rear yard to increase to 3 units. REDEVELOPMENT POTENTIAL - Situated on a 66 x 197 lot (large enough to sever for 2 x 33x 197 lots). R2-2 Zoning Permitted Uses - Single detached dwellings, semi-detached dwellings, duplex dwellings, converted dwelling. Based on BILL 23 - More Homes Built Faster Act, 2022, in theory, you could sever a lot and build a semi-detached dwelling on the lots with both units containing a lower apt, plus add a separate ARU in each rear yard for a total potential total of 6 units. **All redevelopment options to be verified by the buyer and would be subject to municipal approvals**. London is encouraging this form of residential development to improve housing diversity, affordability, and sustainable land use.

Location

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  • Address: 529 Grey Street
  • Neighborhood: East K
  • City: London
  • State: Ontario
  • Postal Code: N6B 1H4

Property Details

  • Property ID: X8327090
  • Property Price: $374,900
  • Style: Detached, Bungalow
  • Sq/Ft: 2000-2500
  • Rooms: 6+6
  • Bedrooms: 2+2
  • Bath: 2
  • Parking Spaces: 8
  • Year Built: 100+
  • A/C: Central Air
  • Basement: Finished, Full
  • Den: Y
  • Exterior: Brick Front
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $2,659.32 (2023)
  • Acreage: < .50 Acres
  • Lot: 197.00x66.00 (Feet)

Room details and dimensions

Statistics for similar Detached homes in East K

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Average days on market for similar Detached homes in East K

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Detached homes in East K

Property History

This property has been sold 3 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100

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