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:15069)
| MLS® Number | X12861680 |
| Property Type | Single Family |
| Community Name | South E |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Aluminum Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 0 - 699 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
| Attached Garage | |
| Garage |
| Acreage | No |
| Size Depth | 143 Ft |
| Size Frontage | 150 Ft |
| Size Irregular | 150 X 143 Ft |
| Size Total Text | 150 X 143 Ft |
| Zoning Description | R9-7 |
https://www.realtor.ca/real-estate/29445773/80-82-base-line-road-w-london-south-south-e-south-e
Contact us for more information
No Favourites Found
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)