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149 WELLINGTON STREET, London East, Ontario, N6B 2K7

MLS® # X13137662
Vacant Land For Sale In Central London, London East, Ontario
$8,250,000

None Beds

149 Wellington Street, London East, ON
149 Wellington Street, London East, ON
149 Wellington Street, London East, ON
149 Wellington Street, London East, ON
  • Advertising
149 WELLINGTON STREET, London East, Ontario, N6B 2K7
$8,250,000

Property Information:

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. (id:27)

Building Features:

  • Easement: Other

Property Features:

  • Property Type: Vacant Land
  • Irregular: Yes
  • Lot Depth: 191 Feet
  • Lot Frontage: 237.4 Feet
  • Lot Size: 237.43 x 191 FT
  • Utility Type: Wireless - Available, Hydro - Available, Cable - Available, Sewer - Available
  • Zoning: BDC
  • Sewer: Sanitary sewer
  • Parking Type: No Garage

Courtesy of: CENTURY 21 LANDUNION REALTY INC.

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Location of 149 WELLINGTON STREET, London East, Ontario, N6B 2K7

Demographic Information of 149 WELLINGTON STREET, London East, Ontario, N6B 2K7

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$72,050.94

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.0 %

High school certificate or equivalent

36.53 %

Apprenticeship trade certificate/diploma

4.04 %

College/non-university certificate

22.16 %

University Degree

13.27 %

Commuter

Travel To Work

By Car

75.6 %

By Public Transit

14.67 %

By Walking

5.72 %

By Bicycle

0.0 %

By Other Methods

4.01 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

59.81 %

Houses

40.19 %

Own Vs. Rent

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