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$ 950,000
Est. payment /mo
Price Dropped by $35K
175 Grey ST London, ON N6B 1G2
3,307 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,307 sqft
Price per Sqft $287
Subdivision East K
MLS Listing ID X11932763
Annual Tax Amount $12,760
Tax Year 2024
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Middlesex
Community East K
Area Middlesex
Zoning R3-1
Interior
Cooling Yes
Exterior
Parking Features None
Utilities Available Available
Building
Lot Description Lot
Lited by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES