529 Grey Street Sold 20 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 is 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 33’x 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.

Refrigerator,Stove

Location

View Map

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

Property Details

Property ID: 40586121
Property Price: $374,900
Style: Single Family Residence, Bungalow
Sq/Ft: 2090
Rooms: 6+6
Bedrooms: 2+2
Bath: 2
Parking Spaces: 8
A/C: Central Air
Basement: Full, Finished
Heating: Forced Air
Taxes: $2,659.32 (2023)
Acreage: 0.308 Acres
Lot: 197x66.00 (Acres)
Exposure: South

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Room details and dimensions

Kitchen

Size: 22.30
Width: 5.56
Length: 4.01

Bedroom

Size: 11.15
Width: 2.54
Length: 4.39

Family Room

Size: 26.93
Width: 4.80
Length: 5.61

Bedroom

Size: 8.46
Width: 2.54
Length: 3.33

Family Room

Size: 21.99
Width: 4.78
Length: 4.60

Kitchen

Size: 11.46
Width: 3.20
Length: 3.58

Bedroom

Size: 9.64
Width: 2.67
Length: 3.61

Bedroom

Size: 11.74
Width: 3.28
Length: 3.58

Statistics for similar Single Family Residence homes in East K

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Single Family Residence 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 Single Family Residence homes in East K

Property History

This property has been sold 1 time before. To view this property's sale price history please sign in or register:

Sold 54 days ago

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$324,900

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Sold 27 days ago

431 Dudley Avenue

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$375,000

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

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