Home with brick exterior material, street for 2424 Main St, London South Ontario N6P 1R2
Re-listed 19 hours ago

2424 Main St, London South, Ontario N6P 1R2

Other
-
4
~4517 sqft
$•••,•••
$1,175,000
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Other
-
4
~4517 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$260/sqft

Est. Mortgage$5,046/mo

Tax Amount (2024)$5,254/yr

Days On Market19 hours

Total Days On Market130 days


Description

Welcome to 2424 Main St, a prime property located in the heart of Lambeth, Ontario. This stunning corner lot offers incredible versatility and curb appeal, making it a perfect opportunity for investors, entrepreneurs, or anyone seeking a unique live-in option. Situated along bustling Main Street and just minutes from Highways 402 and 401, this location provides unmatched accessibility and visibility, with approximately 15,000 vehicles passing by daily.The property features highly versatile BDC (Business District Commercial) zoning, allowing for almost endless potential uses, from retail and office spaces to mixed residential and commercial purposes. Recently updated from top to bottom, the interior boasts modern finishes throughout and a flexible layout that can suit a variety of needs. The property can be used entirely for commercial purposes or divided into income-producing units, with the option to separate the main and lower levels. While the lower unit is currently non-conforming, it offers tremendous potential for a variety of uses. Multiple entrances enhance the functionality, allowing for easy access to both floors. Inside, the space includes four bathrooms, designed to accommodate a wide range of uses.The large lot offers ample on-site parking, ideal for businesses or tenants, while its prominent location along Main Street ensures high visibility for commercial endeavors. Whether youre looking to operate your business, create a dual-purpose property, or simply make a smart investment, 2424 Main St delivers exceptional potential.


Property Details

StyleOffice
View-
Age of property-
SqFt~4517 SqFt
Lot Size8,809 SqFt(205.53 x 42.86)
Parking Spaces14
MLS ®NumberX12201620
Community NameLambeth
Data SourceTRREB
Listing byOAK AND KEY REAL ESTATE BROKERAGE, INC.

Features

Heating: Water Radiators
Cooling: N
Basement: Y

Features

Lot size: 8,809 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 14


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
19 hours on market
history photo preview27
Listing by trreb®
Property listed by OAK AND KEY REAL ESTATE BROKERAGE, INC., Brokerage

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Market Data - Lambeth

Geo Zone Map ThumbnailLambeth

Strong Buyer's Market

View Market Data

Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

13 days

Compared to

2024

36 days

2023

22 days

2022

8 days

New Listings

Past 30 days

22 listings

Compared to

2024

24 listings

2023

17 listings

2022

18 listings

Units sold

Past 30 days

6 units

Compared to

2024

9 units

2023

10 units

2022

10 units

Median Sold Price

Past 30 days

$970,000

Compared to

2024

$745,000

2023

$801,000

2022

$995,000


Population and Demographics

Overview

Total population 4274
Average household income $152,400

Age (%)

0 to 19
25%
35 to 49
20%
65 and plus
20%
50 to 64
19%
20 to 34
16%

Household composition (%)

Single family
77%
Single person
21%
Multi person
1%
Multi family
0%

Mother tongue (%)

English
86%
Others
5%
Arabic
3%
Punjabi (Panjabi)
2%
Spanish
1%

House tenancy (%)

Owners
83%
Renters
17%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget