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$ 800,000
Est. payment /mo
Active
80 BASE LINE Road W London, ON N6J1V2
2,450 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2450
Square Footage 2,450 sqft
Price per Sqft $326
Subdivision South E
MLS® Listing ID 40809312
Year Built 1955
Property Sub-Type Freehold
Property Description
Opportunity knocks. Currently configured as four units converted from a single-family home and zoned R9-7, this property offers exceptional redevelopment and value-add potential. This prime multi-residential development site presents a rare and flexible acquisition opportunity for qualified buyers. The half-acre site 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, while the existing tenancy provides interim income to help offset holding costs. Ideally located steps from Wortley Village in London, the property benefits from excellent 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, and there is also the ability to develop 10-plex buildings depending on the buyer's strategy. This property must be sold together with the neighbouring bungalow at 82 Baseline Road, creating a larger development assembly and enhancing overall redevelopment potential, making this a rare near-turnkey opportunity in a high-demand location with multiple exit strategies. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling Central air conditioning
Exterior
Parking Features Yes
Fence Fence
Community Features Quiet Area, School Bus
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RE/MAX TWIN CITY REALTY INC.
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