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Listed by Adam Patel • RE/MAX TWIN CITY REALTY INC. BROKERAGE-2
$2,600,000
Est. payment /mo
0.49 Acres Lot
Active
80 & 82 Base Line Road W London, ON N6J 1V2
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Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40698112
Originating Board Waterloo Region
Annual Tax Amount $8,999
Lot Size 0.492 Acres
Acres 0.492
Property Sub-Type Residential
Property Description
DEVELOPMENT OPPORTUNITY – PRIME MULTI-RESIDENTIAL SITE!
An exceptional investment opportunity in one of London's most sought-after neighborhoods! This half-acre site has been rezoned for an 8-storey, 77-unit apartment building, allowing the next owner to proceed directly to the draft Site Plan Approval (SPA) phase without the challenges of rezoning. The property is currently tenanted, providing immediate cash flow to help offset holding costs during the SPA process.
Located near Wortley Village, one of London's most vibrant and desirable communities, this site is highly appealing to future tenants. Its proximity to shops, dining, parks, and transit ensures strong rental demand and long-term growth potential.
Additionally, the current zoning permits up to 12 storeys, with the potential to further increase density if underground parking is incorporated (buyer to conduct due diligence).
This is a rare, turnkey development opportunity in a prime location. With growing demand for rental housing and limited supply, this project is strategically positioned for strong returns.
The seller is willing to partner through a joint venture and is open to exploring flexible financing solutions.
Don't miss your chance to capitalize on this incredible investment.
An exceptional investment opportunity in one of London's most sought-after neighborhoods! This half-acre site has been rezoned for an 8-storey, 77-unit apartment building, allowing the next owner to proceed directly to the draft Site Plan Approval (SPA) phase without the challenges of rezoning. The property is currently tenanted, providing immediate cash flow to help offset holding costs during the SPA process.
Located near Wortley Village, one of London's most vibrant and desirable communities, this site is highly appealing to future tenants. Its proximity to shops, dining, parks, and transit ensures strong rental demand and long-term growth potential.
Additionally, the current zoning permits up to 12 storeys, with the potential to further increase density if underground parking is incorporated (buyer to conduct due diligence).
This is a rare, turnkey development opportunity in a prime location. With growing demand for rental housing and limited supply, this project is strategically positioned for strong returns.
The seller is willing to partner through a joint venture and is open to exploring flexible financing solutions.
Don't miss your chance to capitalize on this incredible investment.
Location
Province ON
County Middlesex
Area South
Zoning R9-7
Direction BASE LINE ROAD WEST OF WHARNCLIFFE
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available Electricity Available, Natural Gas Available
Lot Frontage 150.0
Lot Depth 143.0
Garage No
Building
Lot Description Rural, Public Transit, Schools
Faces BASE LINE ROAD WEST OF WHARNCLIFFE
Sewer Sewer (Municipal)
Water Municipal-Metered
New Construction No
Others
Senior Community No
Tax ID 083970013
Ownership Freehold/None
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