80 & 82 Base Line Road W London, Ontario N6J 1V2

$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 40808793
Property Type Vacant Land
Amenities Near By Public Transit, Schools
Features Country Residential

Building

Basement Type None
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Schools
Sewer Municipal Sewage System
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

Natural Gas Available

https://www.realtor.ca/real-estate/29444288/80-82-base-line-road-w-london

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