Contemporary multi-story building featuring a white and gray facade with multiple balconies Features: apartment complex view More Photos

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    For Sale - 149 WELLINGTON Street, London East, Ontario

    Est payment $39,616/mo
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    Time on Jump  146 day

    AI Summary *

    • Prime high-density development site in Downtown London, perfect for investment.
    • Approved plans for an 18-storey residential tower with 270 units.
    • Located near Convention Centre and transit, with great accessibility.
    • Potential for increased density with additional residential units available.
    • Existing building generates rental income while planning for future development.




    Shovel-ready development opportunity in soho downtown london. Rare opportunity to acquire a premier high-density development site in the heart of downtown london, ontario. This approximately 1. 1-acre parcel is ideally positioned beside the convention centre and just steps from the transit station, restaurants, entertainment, and major downtown amenities. The property comes with approved site plans for an impressive 18-storey mixed-use residential tower featuring approximately 270 residential units and 5 ground-floor commercial units, with a total gross floor area of approximately 278,000 sq. Ft. Under the city of london's new official plan and tsa zoning framework, there is additional potential to increase density by approximately 30 residential units and an additional 39,000 sq. Ft. Of gfa. There is currently an existing building on the site leased to a restaurant tenant, generating interim rental income. This is a versatile opportunity suitable for either a condominium development or a purpose-built rental project in one of southwestern ontario's fastest-growing urban centres.
    Listing IDX13137662
    Address149 WELLINGTON Street
    CityLondon East, Ontario
    Price$8,250,000
    StyleVacant Land
    Land Size1.09
    TypeVacant Land
    StatusFor Sale

    Subtype Vacant LandFeatures Irregular LotOwnership FreeholdWaterfront NoneSewer Sewer

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    Listing Brokerage: CENTURY 21 LANDUNION REALTY INC.

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    149 Wellington Street
    London East , Ontario
    $8,250,000
    Get more info