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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft < 700
Subdivision South E
MLS Listing ID X12269732
Style 2-Storey
Annual Tax Amount $8,999
Tax Year 2024
Property Sub-Type Multiplex
Property Description
DEVELOPMENT OPPORTUNITY PRIME MULTI-RESIDENTIAL SITE! SELLER OPEN TO A JOINT VENTURE AND WILLING TO OFFER A VENDOR TAKE-BACK (VTB) MORTGAGE- An exceptional opportunity for qualified buyers seeking flexibility and partnership. Prime multi-residential development site in one of London's most desirable neighborhoods! 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 offset holding costs. Located just steps from vibrant Wortley Village, with access to transit, shops, restaurants, and green space, this location is highly attractive to future renters. Existing zoning permits up to 12 storeys, with potential for additional density through underground parking (buyer to verify). A rare turnkey development project in a high-demand area with flexible deal structure options.
Location
Province ON
County Middlesex
Community South E
Area Middlesex
Rooms
Family Room No
Basement Development Potential
Kitchen 0
Interior
Interior Features None
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Front Yard Parking
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 150.0
Lot Depth 143.0
Building
Foundation Poured Concrete
Listed by RE/MAX TWIN CITY REALTY INC.
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