REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 8,250,000
Est. payment /mo
Active
149 WELLINGTON ST London East, ON N6B 2K7
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision East K
MLS Listing ID X13137662
Annual Tax Amount $33,900
Tax Year 2026
Property Sub-Type Vacant Land
Property Description
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.
Location
Province ON
County Middlesex
Area Middlesex
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Pool None
Waterfront Description None
Road Frontage Paved Road
Lot Frontage 237.43
Lot Depth 191.0
Building
Lot Description Irregular Lot
New Construction false
Others
ParcelsYN No
Listed by CENTURY 21 LANDUNION REALTY INC.