555 Grey St

East K, London, N6B 1H6
FOR SALE
$374,900
555 Grey St, London
555 Grey St
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3
BEDROOMS
1
BATHROOMS
1
KITCHENS
9
ROOMS
X9303215
MLSID
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Property Description
Come and discover this quaint bungalow, nestled in SoHo, a short drive to Victoria Hospital, 100 Kellogg Lane, downtown London, a variety of restaurants and more. This home is ideal for first-time buyers, savvy investors and/or those who are downsizing. Featuring 3 bedrooms, one full bath, two large living spaces and a good sized kitchen, plus a fenced in backyard, living space is not an issue here. Whether you're inclined to undertake a full-scale renovation or add subtle updates, is space is a blank canvas. Need an accessible space? The existing wheelchair ramp and shower room ease some of the daily challenges of accessibility. No need for the ramp? It can easily be removed to provide additional parking. Eager gardeners, rejoice! The property features a spacious backyard paradise adorned with an array of flowering fruit trees and ready-to-tend garden beds. Perfect for those with a green thumb or anyone aspiring to cultivate their botanical oasis.While compact in footprint, this property stands as a brilliant alternative to condo living, allowing you the independence of a freestanding home without the burden of overwhelming upkeep. Positioned for both comfort and convenience, this home doubles not just as a living space but as a wise investment with solid rental potential. Why chase after condos when you can plant roots in a space that blossoms with opportunity!? Ready your paintbrushes and Pinterest boards 555 Grey Street is set to become your personal masterpiece.
Property Features
Fenced Yard, Hospital, Library, Public Transit, Rec Centre, School
Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
35' x 197'
Acreage
< .50
Fronting
South
Taxes
$2,236 (2023)
Basement
Full, Unfinished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain10.99' x 18.41'
DiningMain22.64' x 10.93'
BrMain7.97' x 6.92'
BrMain10.86' x 6.92'
BrMain5.54' x 9.78'
KitchenMain15.94' x 12.40'
DenMain14.30' x 15.75'
LaundryLower15.19' x 21.26'
FurnaceLower14.11' x 5.48'
London Market Statistics
London Price Trend
555 Grey St is a 3-bedroom 1-bathroom home listed for sale at $374,900, which is $243,562 (39.4%) lower than the average sold price of $618,462 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 3 bedroom home in London declined by $25,872 (4.0%) compared to the previous 30 day period (July 20 - August 18) and down $658 (0.1%) from the same time one year ago.
Inventory Change
There were 246 3-bedroom homes listed in London over the last 30 days (August 19 - September 17), which is up 28.1% compared with the previous 30 day period (July 20 - August 18) and up 459.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($11,777) (1.9%) below asking price over the last 30 days (August 19 - September 17), which represents a $1,409 decrease compared to the previous 30 day period (July 20 - August 18) and ($4,904) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in London over the last 30 days (August 19 - September 17) stood at 77.2%, down from 91.7% over the previous 30 days (July 20 - August 18) and up from 56.8% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in London stood at 29 days when successfully sold over the last 30 days (August 19 - September 17), compared to 64 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 First Canadian Corp.
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