13
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$3,900,000
Est. payment /mo
14,773 SqFt
New
1408 Ernest AVE London South, ON N6E 3B2
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 14,773 sqft
Price per Sqft $263
Subdivision South X
MLS Listing ID X12353331
Annual Tax Amount $49,379
Tax Year 2025
Property Sub-Type Investment
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.
Location
Province ON
County Middlesex
Community South X
Area Middlesex
Zoning R8-4
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 168.0
Lot Depth 266.0
Listed by PRIME REAL ESTATE BROKERAGE