$1,600,000
DEVELOPMENT OPPORTUNITY – PRIME MULTI-RESIDENTIAL SITE An exceptional opportunity to acquire a prime multi-residential development site in one of London’s most desirable neighbourhoods. This half-acre property is fully rezoned for an 8-storey, 77-unit apartment building, allowing the next owner to proceed directly to the draft Site Plan Approval (SPA) phase. The site is currently tenanted, generating interim income to help offset holding costs, and is located just steps from Wortley Village with convenient access to transit, shops, restaurants, and green space, making it highly attractive to future renters. Existing zoning permits up to 12 storeys, with potential for additional density through underground parking, presenting a rare near–turnkey development opportunity in a high-demand rental market. (id:50787)
Property Details
|
MLS® Number
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40808793 |
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Property Type
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Vacant Land |
|
Amenities Near By
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Public Transit, Schools |
|
Features
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Country Residential |
Building
|
Basement Type
|
None |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Public Transit, Schools |
|
Sewer
|
Municipal Sewage System |
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Size Depth
|
143 Ft |
|
Size Frontage
|
150 Ft |
|
Size Irregular
|
0.492 |
|
Size Total
|
0.492 Ac|under 1/2 Acre |
|
Size Total Text
|
0.492 Ac|under 1/2 Acre |
|
Zoning Description
|
R9-7 |
Utilities
https://www.realtor.ca/real-estate/29444288/80-82-base-line-road-w-london