242 Hill Street
London East, ON
- 0.25 sqft
- Land
- 573 days on market
A vacant lot with high-rise zoning. An R3 re-zoning could result possibly in usage for a 4-unit building. This lot is located in the SoHo Community Improvement Project (CIP) area. It's also in the Primary Transit Area ( PTA). To the immediate east on two lots construction is well underway on a four storey low-rise building. The R10 zoning in this area is going to encourage more projects like this to happen. One family has owned this lot for many years. Back in the 1960s, a house was removed from this site. Who wants to take on this new project?
Listing Details
- Taxes (2024)
- $1,557
- Listed
- February 4, 2025
Price History
Property
- Lot Size
- 55 x 198 Feet
Utilities
- Sewer
- None
Location & Legal
- Cross Street
- Wellington St
- Zoning
- R10-3
- Parcel Number
- 083280086
- Occupancy
- Vacant
Community
Postal area N6B
- Population
- 11,101
- Private dwellings
- 7,181
- Median age
- 38
- Average household size
- 1.6
- Median household income
- $49,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in London East · last 12 months
- Median sold price
- $462,500
- Homes sold
- 1,302
- Median days on market
- 24
- Sale-to-list price
- 97.0%
Based on 1,302 recorded sales of commercial properties in London East over the last 12 months.
Listed by
RE/MAX ADVANTAGE REALTY LTD.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Annual property tax
- $1,557
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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