London South, ON N6J 1V2
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.
TRREB MLS® Attribution
MLS® X12861680
Listed by RE/MAX TWIN CITY REALTY INC.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.
Team Filipe · RE/MAX · (647) 210-6070
Est. Monthly Payment
$7,813
/month · $1,280,000 mortgage
Amortization
Total Interest
$1,063,903
Total Cost
$2,343,903
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
Full Mortgage Calculator →Listed By
RE/MAX TWIN CITY REALTY INC.