Opportunity knocks. Currently configured as four units converted from a single-family home and zoned R9-7, this property offers exceptional redevelopment and value-add potential. This prime multi-residential development site presents a rare and flexible acquisition opportunity for qualified buyers. The half-acre site 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, while the existing tenancy provides interim income to help offset holding costs. Ideally located steps from Wortley Village in London, the property benefits from excellent 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, and there is also the ability to develop 10-plex buildings depending on the buyer's strategy. This property must be sold together with the neighbouring bungalow at 80 Baseline Road, creating a larger development assembly and enhancing overall redevelopment potential, making this a rare near-turnkey opportunity in a high-demand location with multiple exit strategies. (id:15069)
| MLS® Number | X12861716 |
| Property Type | Multi-family |
| Community Name | South E |
| Amenities Near By | Golf Nearby, Hospital |
| Features | Flat Site |
| Parking Space Total | 5 |
| Bathroom Total | 4 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Age | 51 To 99 Years |
| Amenities | Fireplace(s) |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2,500 - 3,000 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
| Attached Garage | |
| Garage |
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Golf Nearby, Hospital |
| Sewer | Sanitary Sewer |
| Size Frontage | 75 Ft |
| Size Irregular | 75 Ft |
| Size Total Text | 75 Ft|under 1/2 Acre |
| Zoning Description | R9-7 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 2.97 m | 3.89 m | 2.97 m x 3.89 m |
| Second Level | Laundry Room | 3.17 m | 1.83 m | 3.17 m x 1.83 m |
| Second Level | Living Room | 2.87 m | 3.66 m | 2.87 m x 3.66 m |
| Second Level | Kitchen | 3.66 m | 3.66 m | 3.66 m x 3.66 m |
| Second Level | Bedroom | 5.49 m | 2.62 m | 5.49 m x 2.62 m |
| Second Level | Laundry Room | 3.17 m | 1.83 m | 3.17 m x 1.83 m |
| Second Level | Kitchen | 3.66 m | 3.89 m | 3.66 m x 3.89 m |
| Main Level | Kitchen | 2.95 m | 3.05 m | 2.95 m x 3.05 m |
| Main Level | Bathroom | 1.83 m | 2.03 m | 1.83 m x 2.03 m |
| Main Level | Primary Bedroom | 3.35 m | 4.27 m | 3.35 m x 4.27 m |
| Main Level | Other | 4.57 m | 3.96 m | 4.57 m x 3.96 m |
| Main Level | Other | 4.57 m | 3.35 m | 4.57 m x 3.35 m |
| Main Level | Sunroom | 4.57 m | 3.17 m | 4.57 m x 3.17 m |
| Main Level | Primary Bedroom | 4.88 m | 4.04 m | 4.88 m x 4.04 m |
| Main Level | Laundry Room | 3.58 m | 3.12 m | 3.58 m x 3.12 m |
| Cable | Installed |
| Electricity | Installed |
https://www.realtor.ca/real-estate/29445778/82-base-line-road-w-london-south-south-e-south-e
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