




This vacant land in London East offers 10,000 sqft of building area. The property has lot dimensions of 58.96 x 170.54 FT ; 170.54 x 58.99 ft x 170.31 ft x 58.96 ft.
Rare opportunity to acquire a shovel-ready infill development site at 656 Huron Street in London, Ontario. Recently rezoned to R6-5, this fully serviced lot offers approvals in place for a 5 unit townhome development, with flexibility for alternative residential forms including stacked townhomes or a 4 unit apartment-style building. Extensive due diligence and planning work has already been completed, including architectural drawings, environmental reports, and servicing and engineering review, providing a clear and efficient path toward development. This significantly reduces the time, cost, and uncertainty typically associated with the development process. Additional value includes development charge savings of $50,000+ from the previous dwelling, along with potential end-user rebate advantages under current programs. Situated in a high-exposure corridor with excellent proximity to downtown, Fanshawe College and King's University College, as well as transit and major amenities, this property presents a compelling opportunity for builders and developers seeking a de-risked project with immediate potential. A true value-add offering where the groundwork has been completed, allowing the next owner to focus on execution and delivery. (id:60351)
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Listed by CALUM ANGUS, COLDWELL BANKER POWER REALTY
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Listing represented by CALUM ANGUS, COLDWELL BANKER POWER REALTY · MLS# X12944994
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.