149 WELLINGTON Street, London East, ON N6B 2K7, London East, ON
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.
Property Highlights
For Sale
MLS NO.
X13137662
Type
Residential Freehold
Sub Type
Vacant Land
Complete Property Details
Property Type
Residential Freehold
Sub Type
Vacant Land
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X13137662
Total Bedrooms
0
Total Bathrooms
0
Total Kitchens
0
Kitchens Above Grade
0
Kitchens Below Grade
0
Fireplace
No
Central Vacuum Yn
No
Lot Width
237.43
Lot Size
1.09
Lot Size Units
Acres
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
East
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
149 WELLINGTON Street, London East, ON N6B 2K7
City
London East
Neighbourhood
East K
County / Region
Middlesex
Province / State
ON
Postal Code
N6B 2K7
Cross Street
Located on the south-west corner of Wellington St. & Grey St.
Directions
west
Country
CA
List Price
$8,250,000
Annual Taxes
$33,900
Tax Year
2026
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
Possession Type
Immediate
Listing Office
CENTURY 21 LANDUNION REALTY INC.
Board
Toronto Regional Real Estate Board
Original Entry
2026-05-16T00:50:01Z
Media Updated
2026-05-16T00:50:01Z
Photos Updated
2026-05-16T00:50:01Z
Last Modified
2026-06-05T19:09:22Z
System Modified
2026-07-06T21:32:39.691069Z
MLS Status
Price Change
Co List Office Name
CENTURY 21 LANDUNION REALTY INC.
Ddfyn
Yes
Expiration Date
2026-12-31
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
083280160
Public Remarks
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.