744 Little Grey Street, London East (East L) - Business for Sale
744 Little Grey Street, London East (East L), Ontario, N5Z1P1
This business in London East is for sale offering roughly 13,358 sq ft of space. It has been on the market 20 days, fresher than the London East average of 70 days.
Description
***744, 744.5 & 746 LITTLE GREY ST*** A unique income property offering three separate dwellings on one oversized 0.307-acre lot in the heart of Old East London. The property includes a duplex and a single-family home, plus a third dwelling offering significant value-add potential for the right investor. Ample parking, mature setting, and a rare multi-structure configuration make this a standout opportunity for buyers looking to build a diversified rental portfolio on a single title.This is a hold-and-hold, value-add play in a location with strong rental demand. (id:66096)
Property Details
- MLS®
- X14082740
- Property Type
- Business
- Zoning
- R2-2
- Bedrooms
- 2
- Parking
- 10
- Interior Size
- 13,358 ft²
- Lot Size
- 57 × 199 ft (11,325 sq ft)
- Frontage
- 56 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $1,576/yr
- Listed
- 20 days ago
Features
- Lot Features
- Irregular lot size
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 20 days on market, against an average age of 70 days across the listings currently for sale in this city
This 2-bed business in London East (East L) has been listed for 20 days, which is 50 days fresher than the city average of 70. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N5Z)
This home lists at $899,000, about 13.9× the local median household income of $64,500.
Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 172% above the area median.
- Median household income
- $64,500
- Population
- 24,067
- Median age
- 40
- Owner / renter
- 62% / 38%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA N5Z)
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$899,000
London East