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:61852)
Property Details
| MLS® Number | X11998236 |
| Property Type | Multi-family |
| Neigbourhood | Manor Park |
| Community Name | South E |
Building
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick, Aluminum Siding |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | No |
| SizeDepth | 143 Ft |
| SizeFrontage | 150 Ft |
| SizeIrregular | 150 X 143 Ft |
| SizeTotalText | 150 X 143 Ft |
| ZoningDescription | R9-7 |
https://www.realtor.ca/real-estate/27975123/80-82-base-line-road-w-london-south-e
Interested?
Contact us for more information
Adam Patel
Salesperson
1400 Bishop St N Unit B
Cambridge, Ontario N1R 6W8
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. 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 trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
March 12 2025 07:41:34
Toronto Real Estate Board
RE/MAX Twin City Realty Inc.
