1408 ERNEST AVENUE, London South (South X), Ontario, CA

Address: 1408 ERNEST AVENUE, London South (South X), Ontario

0 Beds0 Baths14773 sqftStatus: Buy
Price $3,900,000

Property Overview


An exceptional 1.029-acre infill development site in Londons White Oaks neighbourhood, recently re-zoned Residential R8-4, and approved for a wide range of medium-density residential uses including stacked townhouses, low-rise apartments, and converted dwellings.The property features an existing vacant two-storey commercial structure, approved for conversion into an 18-unit residential apartment building (44 units per hectare) with a flexible mix of 1-bedroom, 1+den, and 2-bedroom layouts. Approx. 12,950 ft2 of existing building space and 64 on-site parking stalls - with access via a shared private laneway - support a streamlined, low-cost redevelopment path. No Site Plan Control is required for the current approved conversion, reducing timeline and permitting barriers.Strategically located near transit, shopping, parks, schools, and employment hubs, this site offers strong tenant appeal and long-term upside in a corridor targeted for growth. Positioned between an established residential area and a neighbourhood commercial node, the site delivers natural transition, walkability, and policy-aligned density.Property is currently vacant and uninsured. Data room access with a signed CA. (id:51532)

 

Tags




Property Summary
Property Type
Multi-family
Building Type
Multi-Family
Square Footage
14773 sqft
Community Name
South X
Land Size
168 x 266 FT
Building
Building Features
Features
Elevator
Square Footage
14773 sqft
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air
Utilities
Water
Municipal water
Land
Other Property Information
Zoning Description
R8-4
Features
           Elevator            Fully air conditioned
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Your Home Finance Calculation

Property Price CA $3,900,000
Bank Loan Amount CA $0
Monthly Installment CA $0

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