0
Bedrooms
0
Bathrooms
2,524 sqft
Living Area
1964
Year Built
5
Parking
About This Property
This 0-bedroom, 0-bathroom multi-family in London offers 2,524 sqft of living area. Built in 1964, 2 storeys. The home features forced air, natural gas heating, central air conditioning, a unfinished, partial basement. Highlights include a 5-car garage.
MLS Remarks
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:60351)
Overview
Property Type
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