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175 GREY STREET, London, Ontario, N6B 1G2

MLS® # X11932763
Investment For Sale In Central London, London, Ontario
$985,000
175 Grey Street, London, ON - Outdoor With Facade
175 Grey Street, London, ON - Outdoor
175 Grey Street, London, ON - Outdoor With Deck Patio Veranda
175 Grey Street, London, ON - Outdoor With Deck Patio Veranda
175 Grey Street, London, ON - Outdoor
175 Grey Street, London, ON - Outdoor
175 Grey Street, London, ON - Outdoor
175 Grey Street, London, ON - Outdoor
175 Grey Street, London, ON - Outdoor
175 Grey Street, London, ON  - Outdoor With Facade
175 Grey Street, London, ON  - Outdoor
175 Grey Street, London, ON  - Outdoor With Deck Patio Veranda
175 Grey Street, London, ON  - Outdoor With Deck Patio Veranda
175 Grey Street, London, ON - Outdoor
175 Grey Street, London, ON - Outdoor
175 Grey Street, London, ON - Outdoor
175 Grey Street, London, ON - Outdoor
175 Grey Street, London, ON - Outdoor
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175 GREY STREET, London, Ontario, N6B 1G2
$985,000

Property Information:

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. (id:7525)

Building Features:

  • Style: Fourplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Heating Type: Other
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Multi-family
  • Irregular: Yes
  • Lot Depth: 137.6 Feet
  • Lot Frontage: 50.8 Feet
  • Lot Size: 50.83 x 137.66 FT
  • Zoning: R3-1
  • No. of Parking Spaces: 5

REALTOR.ca  

Location of 175 GREY STREET, London, Ontario, N6B 1G2

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

35 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

35 hot days expected in 2050

55/100

Moderate

ClimateCheck®

Current data

This property, 175 GREY STREET , experiences 7 hot days per year at around 31 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 34.5 degrees Celsius.

Projected Avg. Temperature

Past
31℃
2050
34.5℃

# Hot Days Per Year

Past
7
2050
35

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 175 GREY STREET , experiences 11 significant 2-day storms per year, with about 328.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 404.2mm of precipitation per year.

Precipitation Per Storm

Past
328.5mm
2050
404.2mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 175 GREY STREET, London, Ontario, N6B 1G2

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$102,931.17

Average Number of Children

1.41

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

8.54 %

High school certificate or equivalent

25.38 %

Apprenticeship trade certificate/diploma

4.08 %

College/non-university certificate

21.27 %

University certificate (below bachelor)

2.43 %

University Degree

38.31 %

Commuter

Travel To Work

By Car

71.37 %

By Public Transit

8.8 %

By Walking

13.35 %

By Bicycle

0.97 %

By Other Methods

5.51 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

86.59 %

Houses

13.41 %

Own Vs. Rent