DEVELOPMENT OPPORTUNITY – PRIME MULTI-RESIDENTIAL SITE! SELLER OPEN TO A JOINT VENTURE AND WILLING TO OFFER A VENDOR TAKE-BACK (VTB) MORTGAGE- An exceptional opportunity for qualified buyers seeking flexibility and partnership. Prime multi-residential development site in one of London’s most desirable neighborhoods! 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 offset holding costs. Located just steps from vibrant Wortley Village, with access to transit, shops, restaurants, and green space, this location is highly attractive to future renters. Existing zoning permits up to 12 storeys, with potential for additional density through underground parking (buyer to verify). A rare turnkey development project in a high-demand area with flexible deal structure options. (id:4069)
Address
80 & 82 BASE LINE Road W
List Price
$1
Property Type
Vacant Land
Transaction Type
sale
Area
Ontario
Sub-Area
London
Lot Size
0.492 Sq. Ft.
MLS® Number
40748762
Listing Brokerage
RE/MAX TWIN CITY REALTY INC. BROKERAGE-2
Basement Area
None
Postal Code
N6J1V2
Zoning
R9-7
Site Influences
Public Transit, Schools
Features
Country residential
