149 Wellington Street, London East (East K), Ontario

About 149 Wellington Street

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. (id:6289)

More Info on this East K MLS® listing

149 Wellington Street is a listing for sale in London East (East K). The MLS® number is X13137662. It's currently listed for $8,250,000. For more details on MLS® X13137662, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This listing in East K is available now!

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