80 & 82 Base Line Road W, London South, ON N6J 1V2
$2,600,000
80 & 82 Base Line Road W, London South, ON N6J 1V2, London South, ON
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.
Property Highlights
For Sale
MLS NO.
X11998236
Type
Residential Freehold
Sub Type
Multiplex
Garage
Yes
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Cancelled
Contract Status
Unavailable
MLS® Number
X11998236
Total Bedrooms
0
Bedrooms Above Grade
0
Total Bathrooms
0
Total Kitchens
0
Kitchens Above Grade
0
Rooms Above Grade
0
Interior Features
None
Fireplace
No
Central Vacuum Yn
No
Construction
Brick, Aluminum Siding
Roof
Asphalt Shingle
Lot Width
150.0
Lot Size
0.492
Lot Size Units
Acres
Parking Features
Front Yard Parking
Parking Total
0.0
Covered Spaces
1.0
Garage Type
Attached
Garage
Yes
Pool
None
Direction Facing
North
Cooling
Central Air
Heat Source
Gas
Heat Type
Forced Air
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
80 & 82 Base Line Road W, London South, ON N6J 1V2
City
London South
Neighbourhood
South E
County / Region
Middlesex
Province / State
ON
Postal Code
N6J 1V2
Cross Street
BASELINE ROAD WEST OF WHARNCLIFFE
Country
CA
List Price
$2,600,000
Annual Taxes
$8,999
Tax Year
2024
Legal Description
PLAN 29 PT LOT 6 S/S CENTRE RP 33R9334 PARTS 14 & 15 / PLAN 29 PT LOT 6 S/S CENTRE RP 33R9334 PARTS 11 & 12
Possession Type
Flexible
Possession Details
Flexible
Listing Office
RE/MAX TWIN CITY REALTY INC.
Board
Toronto Regional Real Estate Board
Original Entry
2025-03-03T22:12:46Z
Media Updated
2025-03-04T18:48:00Z
Photos Updated
2025-03-03T22:12:46Z
Last Modified
2025-05-07T16:59:24Z
System Modified
2025-10-12T08:45:32.374684Z
MLS Status
Terminated
Architectural Style
2-Storey
Basement
Development Potential
Ddfyn
Yes
Expiration Date
2026-02-11
Foundation Details
Poured Concrete
Heat Source Multi
Gas
Heat Type Multi
Forced Air
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
083970013
Parking Spaces
0
Public Remarks
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.