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.
Property Type:
Land
Property SubType:
Residential
Listing General Location:
South E, South
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
21,432 sq. ft.1,991 m2
Lot Details:
143 x 150
Lot Depth:
143'43.6 m
Lot Frontage:
150'45.7 m
Frontage Type:
North
Kitchens:
0
County Or Parish:
Middlesex
Taxes:
$8,999 /
-
Features:
Crops Included: No, Garage: No, New Construction: No
Number of Buildings:
0
Fireplace:
false
Water Supply:
Municipal-Metered
Sewer:
Sewer (Municipal)
Tenant Belongings
false
No
BASE LINE ROAD WEST OF WHARNCLIFFE
No
Survey Year:
2024
HST Applicable To Sale Price:
Included
Association Fee 2 Frequency:
Monthly
Features:
Crops Included: No, Garage: No, New Construction: No
Condo Corporation:
No
Zoning:
R9-7
Total Acres:
0.492
Utilities:
Electricity Available, Natural Gas Available
Lot Site Features:
Rural, Public Transit, Schools
Features:
Crops Included: No, Garage: No, New Construction: No