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529 Grey St

Grey St, Central London, London, ON, N6B 1H4

4
Beds
2
Baths
$374,900
List Price
Details
Photos
10
Comparables
History
529 Grey St, London, ON - 1 of 3
529 Grey St, London, ON - 2 of 3
529 Grey St, London, ON - 3 of 3
New
14 days on market

Quick Summary

  • Spacious 2-bedroom main floor with renovation potential
  • Separate entrance to finished 2-bedroom lower level unit
  • Expansive 66x197 lot with redevelopment possibilities
  • Flexible R2-2 zoning permits various dwelling types
  • Opportunity to add additional residential units (ARUs)
  • Potential to sever lot and build semi-detached homes
  • Aligned with city's goals for housing diversity and affordability
  • Subject to municipal approvals for any redevelopment

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... Show More

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. (id:54626)

Property Details

Size

Sq. Ft. Not Available
12 total rooms across 1 floor
4 Beds
2 Above Grade - 2 Below Grade
2 Baths
2 Full

Parking

8 Parking Spaces
-

Build

Year Built
-
Model Name
-
Basement
Finished
Exterior
-
Foundation
Brick
Builder Name
-
Stories
1
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
Central air conditioning

Utilities

Water
Municipal water
Sewer
Sanitary sewer
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Rooms

Laundry room

Laundry

Bathroom

Bathroom

Kitchen

10′5″ x 11′8″

Living room

15′8″ x 15′1″

Bedroom

8′9″ x 11′10″

Bedroom 2

10′9″ x 11′8″

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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
X8327090
Last Updated
May 15, 2024
Brokerage
A TEAM LONDON
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