181 185 King Street · Parkhill, N0M 2K0
MLS® X14092254
Listed Oct 19, 2026
Listing courtesy of Kettlewell Ins.&real Est.ltd.·Listing last changed 3 days ago
Key facts
- Property type
- Multiplex
- Square footage
- 3,500-5,000 sqft
- Lot size
- 56 × 56 ft
- Parking
- 7 spaces
- Property tax
- $4,350/yr (2025)
Description
181/185 King Street in Parkhill offers an excellent opportunity for investors, developers, or owner-users looking for a property with strong future residential potential. The property is currently configured as three residential units plus one commercial space, while approved plans are in place for conversion/redevelopment to a seven-unit residential property. With the municipal approvals already obtained, this property provides a significant head start for a future residential transition and helps reduce much of the planning uncertainty typically associated with redevelopment projects. Located on King Street in the heart of Parkhill, the property benefits from excellent visibility, convenient access to local amenities, and a central location within the community. A unique opportunity to acquire an income-producing property today with a clear path toward a higher-density seven-unit residential development in the future.
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Property details
Interior
- Size
- 3,500-5,000 sqft
- Rooms
- 20 rooms · 4 kitchens
- Bathrooms
- 5 × 3-piece
- Basement
- Partial Basement
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Multiplex, 2-Storey
- Lot size
- 56 × 56 ft
- Exterior
- Brick
- Foundation
- Brick
- Roof
- Membrane
- Water & sewer
- Sewer
Parking
- Parking
- 7 spaces
Fees & taxes
- Property tax
- $4,350/yr (2025)
Estimated value range
$474K to $524K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Monthly paymentest. $3,054/mo all in
Monthly payment estimate
Land transfer tax$6,455 on closing
Ontario LTT
$6,455
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed 2 times
Listed Oct 19, 2026
Listed Oct 16, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Affordabilityneeds $125,000 household income
Minimum household income required
$125,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
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Colin Abbot, Broker, Westwood Realty Team
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
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