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    For Sale - 162-164 Mill Street, London East, Ontario

    Est payment $7,179/mo
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    Time on Jump  122 day

    AI Summary *

    • Prime downtown location with excellent redevelopment potential.
    • 7,104 sq. ft. corner parcel ready for new development.
    • Potential for 10-12 residential units with proper approvals.
    • Strong rental demand in a vibrant urban area.
    • Walking distance to restaurants, shops, and entertainment options.




    Exceptional development opportunity in the heart of downtown london. Situated on a 7,104 sq. Ft. Parcel at 162-164 mill street, this prime infill site is positioned within one of the city's fastest-growing redevelopment corridors, just one block from richmond street. Surrounded by restaurants, cafés, shopping, entertainment, transit, and major employment hubs, the property is ideally located for future residential intensification. The existing semi-detached dwelling offers holding value while buyers explore the site's redevelopment potential, with the possibility of a multi unit residential project, subject to zoning, planning approvals, permits, and all applicable city of london requirements. The mill street neighbourhood continues to experience significant investment, with a dynamic mix of established homes, rental properties, student housing, young professionals, and new multi-residential developments. Located approximately 10 minutes from western university, home to more than 40,000 students, faculty, and staff, the area benefits from strong and consistent housing demand. Fanshawe college, major hospitals, victoria park, canada life place, covent garden market, and the downtown core are all within close proximity. Whether you're a developer, builder, or investor seeking your next urban infill project, this is a rare opportunity to secure land in one of london's most active growth areas. Buyers are encouraged to complete their own due diligence with the city of london regarding permitted uses and future development potential.
    Listing IDX13417756
    Address162-164 Mill Street
    CityLondon East, Ontario
    Price$1,495,000
    StyleLand
    TypeVacant Land
    StatusFor Sale

    Subtype LandCommunity Features Public Transit, Recreation/Community CentreSewer Sanitary

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    Listing Brokerage: RE/MAX ADVANTAGE REALTY LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    162-164 Mill Street
    London East , Ontario
    $1,495,000
    Get more info