Opportunity knocks. Currently configured as four units converted from a single-family home and zoned R9-7, this property offers exceptional redevelopment and value-add potential. This prime multi-residential development site presents a rare and flexible acquisition opportunity for qualified buyers. The half-acre site 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, while the existing tenancy provides interim income to help offset holding costs. Ideally located steps from Wortley Village in London, the property benefits from excellent access to transit, shops, restaurants, and green space, making it highly attractive to future renters. Existing zoning permits up to 12 storeys with potential for additional density through underground parking, and there is also the ability to develop 10-plex buildings depending on the buyer’s strategy. This property must be sold together with the neighbouring bungalow at 80 Baseline Road, creating a larger development assembly and enhancing overall redevelopment potential, making this a rare near-turnkey opportunity in a high-demand location with multiple exit strategies. (id:4069)
Address
82 BASE LINE Road W
List Price
$800,000
Property Type
Multi-family
Type of Dwelling
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
London
Floor Area
2,524 Sq. Ft.
Year Built
1964
MLS® Number
40808798
Listing Brokerage
RE/MAX TWIN CITY REALTY INC.
Basement Area
Partial (Unfinished)
Postal Code
N6J1V2
Zoning
R9-7
Site Influences
Golf Nearby, Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Features
Crushed stone driveway
