80 & 82 Base Line Road W London, Ontario N6J 1V2
$2,600,000
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. (id:12481)
Property Details
| MLS® Number | 40698112 |
| Property Type | Vacant Land |
| AmenitiesNearBy | Public Transit, Schools |
| Features | Country Residential |
Building
| BasementType | None |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeDepth | 143 Ft |
| SizeFrontage | 150 Ft |
| SizeIrregular | 0.492 |
| SizeTotal | 0.492 Ac|under 1/2 Acre |
| SizeTotalText | 0.492 Ac|under 1/2 Acre |
| ZoningDescription | R9-7 |
Utilities
| Natural Gas | Available |
https://www.realtor.ca/real-estate/27974722/80-82-base-line-road-w-london
Contact Us
Get in touch with us for more information!
Phil Spoelstra
Broker of Record
(519) 667-1958
www.farmontario.com
34 Grandview Crescent
London, Ontario N6K 2Y2
Ron Steenbergen
Broker
(519) 667-1958
www.farmontario.com/
675 Adelaide Street North
London, Ontario N5Y 2L4
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March 26 2025 08:19:18
Kitchener-Waterloo Association of REALTORS®
RE/MAX Twin City Realty Inc. Brokerage-2