$2,495,000
For sale: Vacant Land

Shovel Ready for 36 townhome units. 475 Grey Street, London, ON Royal LePage Commercial & REC Commercial present a prime residential development opportunity in London, Ontario. This 0.927-acre (0.375-hectare) serviced site is zoned R8-4, allowing for apartment buildings, stacked townhomes, senior housing, and more. Positioned at the corner of Grey Street and Maitland Street, this location offers excellent potential for multi-unit residential development.
Sold data
Vacant Land homes in London East (East E) took a median of 35 days to sell over the last 365 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 68, across 65 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.
The median sale price was $649,900.
Homes sold for about 2.2% below asking on average, so there was room to negotiate.
About 11% of sales closed above the list price.
Around 18% of sellers reduced their price before finding a buyer.
Based on 65 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
London East (East E) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

$3,200,000
Vacant Land140 CLARKE ROAD, East I, London East

$2,250,000
Vacant Land267-273 BROADWAY, Tillsonburg, Tillsonburg

$1,900,000
Vacant Land265 EDWARD STREET, St. Thomas, St. Thomas

$2,999,000
Vacant Land1055 PARKINSON ROAD, Woodstock - South, Woodstock

$1,700,000
Vacant Land1154 HAMILTON ROAD, East O, London East

$3,300,000
Vacant LandLOT 4 MECHANIC STREET, Waterford, Norfolk

$2,280,000
Vacant Land1343 SUNNINGDALE ROAD E, North C, London North

$2,950,000
Vacant Land22389 PIONEER LINE, Rodney