Unknown for 80 & 82 Base Line Rd, London Ontario N6J 1V2
29 days on Market

80 & 82 Base Line Rd, London, Ontario N6J 1V2

Townhouse
-
-
- sqft
$2,600,000
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Townhouse
-
-
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$11,166/mo

Tax Amount (2024)$8,999/yr

Days On Market29 days


Description

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 Details

Style2-Storey
View-
Age of property-
SqFt-
Lot Size21,450 SqFt(143 x 150)
Parking Spaces-
MLS ®NumberX11998236
Community NameSouthcrest
Data SourceTRREB
Listing byRE/MAX TWIN CITY REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Development Potential

Features

Lot size: 21,450 SqFt

Property History

Mar 3, 2025
ListedActive
$2,600,000
29 days on market
history photo preview7
Listing by trreb®
Property listed by RE/MAX TWIN CITY REALTY INC., Brokerage
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Population and Demographics

Overview

Total population 15483
Average household income $92,337

Age (%)

65 and plus
23%
20 to 34
22%
50 to 64
20%
35 to 49
18%
0 to 19
17%

Household composition (%)

Single family
49%
Single person
46%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
85%
Spanish
5%
Others
4%
Arabic
2%
French
1%

House tenancy (%)

Renters
59%
Owners
41%

Schools and amenities

Estimated Budget