1408 Ernest Avenue, London South (South X), ON N6E3B2
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Listing Type
Multi Family
Listing Status
active
11
$3,900,000
Home Details for 1408 Ernest Avenue
Price
$3,900,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Parking
Days on site
23
Listing #
X12353331
Property Description
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:31684)
Property Features
Heating Information
Forced Air
Natural Gas
Listing Courtesy: PRIME REAL ESTATE BROKERAGE
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