DEVELOPMENT OPPORTUNITY – PRIME MULTI-RESIDENTIAL SITE! SELLER OPEN TO A JOINT VENTURE AND WILLING TO OFFER A VENDOR TAKE-BACK (VTB) MORTGAGE- An exceptional opportunity for qualified buyers seeking flexibility and partnership. Prime multi-residential development site in one of London’s most desirable neighborhoods! This half-acre property is fully rezoned for an 8-storey, 77-unit apartment building, allowing the next owner to proceed directly to the draft Site Plan Approval (SPA) phase. The site is currently tenanted, generating interim income to offset holding costs. Located just steps from vibrant Wortley Village, with access to transit, shops, restaurants, and green space, this location is highly attractive to future renters. Existing zoning permits up to 12 storeys, with potential for additional density through underground parking (buyer to verify). A rare turnkey development project in a high-demand area with flexible deal structure options. (id:35544)
| MLS® Number | 40748762 |
| Property Type | Vacant Land |
| AmenitiesNearBy | Public Transit, Schools |
| Features | Country Residential |
| BasementType | None |
| UtilityWater | Municipal Water |
| Acreage | No |
| LandAmenities | Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeDepth | 143 Ft |
| SizeFrontage | 150 Ft |
| SizeIrregular | 0.492 |
| SizeTotal | 0.492 Ac|under 1/2 Acre |
| SizeTotalText | 0.492 Ac|under 1/2 Acre |
| ZoningDescription | R9-7 |
| Natural Gas | Available |
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