149 Wellington Street,London East, ON N6B 2K7
London East, ON N6B 2K7
Description
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.
Details
| MLS # | X13137662 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 117 |
| Listing Provided By | CENTURY 21 LANDUNION REALTY INC. | X13137662 227700 |
Features
| Acreage | 1.04 |
|---|---|
| Water Front | None |
Interior
| Fireplace Yes / No | No |
|---|
Exterior
| Lot Features | Irregular Lot |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 33900 |
|---|---|
| Tax Legal Description | PART LOT 1, NORTH OF HILL STREET WEST & LOT 1 & PART LOT 2, SOUTH OF GREY STREET WEST DESIGNATED AS PTS 4 & 5, PLAN 33R14740 CITY OF LONDON |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| Region | Middlesex |
| City | London East |
| Postal Code | N6B 2K7 |
| Area | East K |
| Listing VS Median (in N6B 2K7) | |
Price: $8,250,000 low | high Med: $0 On site: 117 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Middlesex |
| City | London East |
| Postal Code | N6B 2K7 |
| Area | East K |
| Listing VS Median (in N6B 2K7) | |
Price: $8,250,000 low | high Med: $0 On site: 117 low | high Med: | |
