175 Grey Street, London | Image 1

175 Grey Street

London, East K

  • Commercial

$985,000
For Sale

Added 6 hours ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: R3-1

  • Age: No Data

  • Taxes: 12760

  • MLS®#: X11932763

  • Added: Jan 20, 2025 (6 hours ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

The Investments Group is pleased to present 175 Grey Street, a true value-add investment opportunity in London, Ontario. The property will be sold vacant with approved renovation permits to complete eight new units: one 3-bedroom, four 2-bedroom, and three 1-bedroom apartments, catering to the city's growing rental demand. Supported by multiple quotes for the work and professional property management, this property is primed for a seamless renovation process. Updates already completed include a new steel roof, boiler heating system, hot water tanks, and separately metered hydro.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Area: London

  • Community: East K

  • Availability Date: Flexible

  • Assessment Amount: $615,000

  • Assessment Year: 2025

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Open

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 5

Fees

  • Tax Year: 2024

  • Taxes: $12,760

  • Taxes Type: Annual

Land

  • Cross Street: North West side of W

  • Municipality District: London

  • Parcel Number: 083280012

  • Sewer: San+Storm

  • Lot Depth: 137.66 Feet

  • Lot Frontage: 50.83 Feet

  • Zoning: R3-1

Commercial Specific

  • Total Area: 3307

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

Map of 175 Grey Street, London
JK-8

Aberdeen Public School

Elementary: Public
1.36 km
JK-8

Wortley Road Public School

Elementary: Public
1.17 km
JK-8

St Martin

Elementary: Catholic
1.01 km
JK-8

Tecumseh Public School

Elementary: Public
0.88 km
JK-8

St. John French Immersion School

Elementary: Catholic
0.99 km
K-8

Lord Roberts Public School

Elementary: Public
1.73 km
9-12

G A Wheable Secondary School

Secondary: Public
2.15 km
9-12

B Davison Secondary School Secondary School

Secondary: Public
2.08 km
9-12

London South Collegiate Institute

Secondary: Public
0.84 km
9-12

London Central Secondary School

Secondary: Public
1.35 km
9-12

Catholic Central High School

Secondary: Catholic
1.29 km
9-12

H B Beal Secondary School

Secondary: Public
1.48 km
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