724 York Street, London East (East L), Ontario, N5W2S8




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$1,799,900
London East
This multi-family property in London East is for sale. It has been on the market 64 days, fresher than the London East average of 73 days.
Prime Residential Conversion & Development Opportunity! Excellent opportunity at 724 York Street. The existing two-storey commercial shell offers 10,000+ sq. ft. above grade plus a full-height lower level with 5,000+ sq. ft. Recent zoning changes permit up to 22 residential units and/or commercial uses, with redevelopment drawings available. Flexible RSC and R8-4 zoning supports renovation-to-suit or new development, with potential Urban Corridor designation. Excellent visibility, strong traffic counts, signage opportunities, transit access and a central location near amenities. Bring your vision to 724 York Street! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 64 days on market, against an average age of 73 days across the listings currently for sale in this city
This 22-bed multi-family in London East (East L) has been listed for 64 days, which is 9 days fresher than the city average of 73. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,799,900, about 27.9× the local median household income of $64,500.
Carrying it typically needs a household income of about $351,583 (20% down, 25-yr amortization, stress-tested) — roughly 445% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5W)
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Loading rates, 30-yr amortization
Cash Needed to Close
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