Listed by A Team London.

529 Grey Street is a Detached, Bungalow and is currently for Sale @ $374,900. Taxes in 2023 were $2,659.32.

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EXISTING DUPLEX - Endless possibilities with this with up to 3 bedrooms main floor unit and separate entrance to walk-out lower level 2 bedroom unit. The Bungalow on 529 Grey Street has 2 bedrooms, 2 bathrooms, and is located on a 197.00 x 66.00 ft loton < .50 acres in the community of East K . 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.

The address 529 Grey Street was listed for sale (MLS# X8327090) on Thursday, May 09, 2024.