Description
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.
Location Description
BASELINE ROAD WEST OF WHARNCLIFFE
Property Details
- Community: South E
- Property Type: Tenant/Residential Freehold
- Garages: Attached
- Annual Property Taxes : $ 8999
Building Features
- Foundation Type: Poured Concrete
- Counstruction Material : Brick-Aluminum Siding
- Total Parking Space : 0
- Parking Type : Attached
Features
- Heating : Forced AirGas
- Sewer : None ,
Listing Contracted With: RE/MAX TWIN CITY REALTY INC.
