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80 & 82 Base Line Road W London, Ontario N6J 1V2

$1,600,000

DEVELOPMENT OPPORTUNITY – PRIME MULTI-RESIDENTIAL SITE An exceptional opportunity to acquire a prime multi-residential development site in one of London’s most desirable neighbourhoods. This half-acre property is fully rezoned for an 8-storey, 77-unit apartment building, allowing the next owner to proceed directly to the draft Site Plan Approval (SPA) phase. The site is currently tenanted, generating interim income to help offset holding costs, and is located just steps from Wortley Village with convenient access to transit, shops, restaurants, and green space, making it highly attractive to future renters. Existing zoning permits up to 12 storeys, with potential for additional density through underground parking, presenting a rare near–turnkey development opportunity in a high-demand rental market. (id:12481)

Property Details

MLS® Number 40808793
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/29444288/80-82-base-line-road-w-london

Contact Us

Get in touch with us for more information!


Phil Spoelstra
Broker of Record

(519) 870-7325
(519) 667-1958
www.farmontario.com

RE/MAX Centre City Phil Spoelstra Realty, Brokerage
34 Grandview Crescent
London, Ontario N6K 2Y2

(519) 667-1800
(519) 667-1958
www.farmontario.com

Ron Steenbergen
Broker

(226) 234-8239
(519) 667-1958
www.farmontario.com/

RE/MAX Centre City Realty Inc., Brokerage
675 Adelaide Street North
London, Ontario N5Y 2L4

(519) 667-1800
(519) 667-1958
www.centrecityrealty.com