Added 2 days ago
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Type: Multiplex
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Style: 2-Storey
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Lot Size: 150 x 143 Feet
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Age: No Data
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Taxes: $8,999 per year
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Days on Site: 1 Days
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Added: Mar 03, 2025 (2 days ago)
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Updated:
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Last Checked: 3 hours ago
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MLS®#: X11998236
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Listed By: Re/max twin city realty inc.
DEVELOPMENT OPPORTUNITY PRIME MULTI-RESIDENTIAL SITE! An exceptional investment opportunity in one of London's most sought-after neighborhoods! This half-acre site has been rezoned for an 8-storey, 77-unit apartment building, allowing the next owner to proceed directly to the draft Site Plan Approval (SPA) phase without the challenges of rezoning. The property is currently tenanted, providing immediate cash flow to help offset holding costs during the SPA process. Located near Wortley Village, one of London's most vibrant and desirable communities, this site is highly appealing to future tenants. Its proximity to shops, dining, parks, and transit ensures strong rental demand and long-term growth potential. Additionally, the current zoning permits up to 12 storeys, with the potential to further increase density if underground parking is incorporated (buyer to conduct due diligence). This is a rare, turnkey development opportunity in a prime location. With growing demand for rental housing and limited supply, this project is strategically positioned for strong returns. The seller is willing to partner through a joint venture and is open to exploring flexible financing solutions. Don't miss your chance to capitalize on this incredible investment. Contact us today for more details!
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Property
Status: Sale
Property Type: Multiplex
Style: 2-Storey
Area: London
Community: South E
Availability Date: Flexible
Assessment Amount: $572,000
Assessment Year: 2025
Inside
Den/Family Room: No
Air Conditioning: Central Air
Fireplace: No
Central Vacuum: N
Building
Heat Type: Forced Air
Heat Source: Gas
Exterior: Alum Siding
Exterior: Brick
Energy Certificate: N
Green Verification Status: N
Water Supply: Municipal
Special Designation: Other
Retirement: N
Parking
Driveway: Front Yard
Garage Spaces: 1
Garage Type: Attached
Fees
Tax Year: 2024
Tax Legal Description: PLAN 29 PT LOT 6 S/S CENTRE RP 33R9334 PARTS 14 & 15 / PLAN 29 P
Taxes: $8,999
Land
Cross Street: BASELINE ROAD WEST O
Municipality District: London
Fronting On: North
Parcel Number: 083970013
Parcel of Tied Land: N
Pool: None
Sewer: None
Lot Depth: 143 Feet
Lot Frontage: 150 Feet
Zoning: R9-7
Somewhat Walkable
- Some errands can be accomplished on foot.
Some Transit
- Most errands require a car.
Bikeable
- Some errands can be accomplished on bike.
St Jude Separate School
Elementary: CatholicVictoria Public School
Elementary: PublicSt Martin
Elementary: CatholicArthur Ford Public School
Elementary: PublicÉcole élémentaire catholique Frère André
Elementary: CatholicSir Isaac Brock Public School
Elementary: PublicWestminster Secondary School
Secondary: PublicLondon South Collegiate Institute
Secondary: PublicLondon Central Secondary School
Secondary: PublicCatholic Central High School
Secondary: CatholicSaunders Secondary School
Secondary: PublicH B Beal Secondary School
Secondary: Public-
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