14,773 ft2
Fully Air Conditioned
Forced Air
$3,900,000
An exceptional 1.029-acre infill development site in Londons White Oaks neighbourhood, recently re-zoned Residential R8-4, and approved for a wide range of medium-density residential uses including stacked townhouses, low-rise apartments, and converted dwellings.The property features an existing vacant two-storey commercial structure, approved for conversion into an 18-unit residential apartment building (44 units per hectare) with a flexible mix of 1-bedroom, 1+den, and 2-bedroom layouts. Approx. 12,950 ft2 of existing building space and 64 on-site parking stalls - with access via a shared private laneway - support a streamlined, low-cost redevelopment path. No Site Plan Control is required for the current approved conversion, reducing timeline and permitting barriers.Strategically located near transit, shopping, parks, schools, and employment hubs, this site offers strong tenant appeal and long-term upside in a corridor targeted for growth. Positioned between an established residential area and a neighbourhood commercial node, the site delivers natural transition, walkability, and policy-aligned density.Property is currently vacant and uninsured. Data room access with a signed CA. (id:50976)
Business
|
Business Type
|
Residential |
|
Business Sub Type
|
Apartments |
Property Details
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MLS® Number
|
X12353331 |
|
Property Type
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Multi-family |
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Community Name
|
South X |
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Features
|
Elevator |
Building
|
Cooling Type
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Fully Air Conditioned |
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Heating Fuel
|
Natural Gas |
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Heating Type
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Forced Air |
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Size Interior
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14,773 Ft2 |
|
Type
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Multi-family |
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Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Size Depth
|
266 Ft |
|
Size Frontage
|
168 Ft |
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Size Irregular
|
168 X 266 Ft |
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Size Total Text
|
168 X 266 Ft |
|
Zoning Description
|
R8-4 |
https://www.realtor.ca/real-estate/28752360/1408-ernest-avenue-london-south-south-x-south-x
