149 Wellington Street,London East (East K), ON N6B2K7
London East (East K), ON N6B2K7
Description
Shovel-Ready Development Opportunity in SOHO Downtown London.Rare opportunity to acquire a premier high-density development site in the heart of Downtown London, Ontario. This approximately 1.1-acre parcel is ideally positioned beside the Convention Centre and just steps from the Transit Station, restaurants, entertainment, and major downtown amenities.The property comes with approved site plans for an impressive 18-storey mixed-use residential tower featuring approximately 270 residential units and 5 ground-floor commercial units, with a total gross floor area of approximately 278,000 sq. ft.Under the City of London's new Official Plan and TSA zoning framework, there is additional potential to increase density by approximately 30 residential units and an additional 39,000 sq. ft. of GFA.There is currently an existing building on the site leased to a restaurant tenant, generating interim rental income.This is a versatile opportunity suitable for either a condominium development or a purpose-built rental project in one of Southwestern Ontario's fastest-growing urban centres. (id:13843)
Details
| MLS # | X13137662 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 160 |
| Listing Provided By | CENTURY 21 LANDUNION REALTY INC. | BILL GENG |
Features
| Zoning | BDC |
|---|
Interior
| Fireplace Yes / No | No |
|---|
Parking
| Parking Features | No Garage |
|---|
Utilities
| Utilities | Sewer, Electricity, Cable, Wireless |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 33900 |
|---|
Area Information
| Province | ON |
|---|---|
| City | London East (East K) |
| Postal Code | N6B2K7 |
| Listing VS Median (in N6B2K7) | |
Price: $8,250,000 low | high Med: $1,350 On site: 160 low | high Med: 43 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| City | London East (East K) |
| Postal Code | N6B2K7 |
| Listing VS Median (in N6B2K7) | |
Price: $8,250,000 low | high Med: $1,350 On site: 160 low | high Med: 43 | |