149 WELLINGTON STREET
London East (East K), Ontario
MLS® X13137662
$8,250,000
- Status
- Active
- Property type
- Vacant land
- MLS® number
- X13137662
- Bedrooms
- —
- Bathrooms
- 0
- Year built
- —
1 / 2Listing 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.
Property summary
- MLS® number
- X13137662
- Property type
- Vacant Land
- Land size
- 237.43 x 191 FT
- Annual property taxes
- $33,900.00
- Parking
- No Garage
- Days on market
- 140 days
What would this home cost you?
Based on the $8,250,000 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 CENTURY 21 LANDUNION REALTY INC., MARKHAM.
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.