For Sale
242 Hill Street
East K, London East, ON
$789,000
0Bd
0Ba
—sqft
55 x 198 ftlot
LandMLS# X11955868Listed 2025-02-04464 DOM
On the market for 464 days — longer than average. The seller may be open to negotiation.
About this home
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?
Financials
Annual Taxes
$1,557.39
Estimated Rental Income
Entire property$2,000 – $3,000/mo
Rental yield3.0% – 4.6%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — London East
Days on market464 days
Buyer's MarketSeller's Market
Based on active listings in London East. Data updates daily.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
58
/ 100
Walk Score
Somewhat Walkable
43
/ 100
Transit Score
Some Transit
42
/ 100
Bike Score
Somewhat Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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