1408 ERNEST AVENUE
London South (South X), Ontario
MLS® X13556312
$3,900,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13556312
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 11Listing description
An exceptional 1. 029-acre infill development site in London's White Oaks neighbourhood, recently re-zoned Residential R8-4, and approved for a wide range of medium-density residential uses including stacked townhouses, low-rise apartments, and converted dwellings. The property features an existing vacant two-storey commercial structure, approved for conversion into an 18-unit residential apartment building (44 units per hectare) with a flexible mix of 1-bedroom, 1+den, and 2-bedroom layouts.
Approx. 12,950 ft2 of existing building space and 64 on-site parking stalls-with access via a shared private laneway-support a streamlined, low-cost redevelopment path. No Site Plan Control is required for the current approved conversion, reducing timeline and permitting barriers.
Strategically located near transit, shopping, parks, schools, and employment hubs, this site offers strong tenant appeal and long-term upside in a corridor targeted for growth. Positioned between an established residential area and a neighbourhood commercial node, the site delivers natural transition, walkability, and policy-aligned density. Property is currently vacant and uninsured.
Data room access with a signed CA.
Property summary
- MLS® number
- X13556312
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 14,773 sq ft
- Land size
- 168 x 266 FT
- Annual property taxes
- $49,379.57
- Days on market
- 47 days
Features & details
- Heating
- No heat
- Cooling
- Fully air conditioned
- Lot features
- Elevator
What would this home cost you?
Based on the $3,900,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of PRIME REAL ESTATE BROKERAGE, LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.