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$ 400,000
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Est. payment | /mo
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision North E
MLS® Listing ID X12025655
Originating Board Toronto Regional Real Estate Board
Property Description
This vacant parcel prime for multi-storey residential development. Comprises 0.17 acres, to be sold together with the adjacent PIN084560291 Wharncliffe Road S. & 19 Highview Avenue W properties. 19 Highview Avenue W separately owned by third party. All three properties total 0.793 acres. High traffic area (over 34,000 vehicles per day). Along London's Golden Auto Mile (Wharncliffe Rd. S). Just south of Commissioners Rd. W, which carries over 31,000 vehicles per day. Along 3 bus routes and northerly adjacent to multi-storey Venvi Living Retirement Residence. Amenity-rich area, including grocery stores, business centres, car dealerships, golf, parks, regional hospital, restaurants, and retail. Roughly 8 minutes from Downtown London and much more. Subject parcel designated "Neighborhoods". Both subject parcel and 19 Highview Avenue W require rezoning from current R1-9 uses. PIN #084560291 Wharncliffe Road S zoned for 40 metres of building height. Permitted uses include apartment buildings, lodging house class 2, senior citizens apartment buildings, handicapped persons apartment buildings, and continuum-of-care facilities. Public site plan review required for all three properties to ensure that development takes form compatible with adjacent uses. 19 Highview Avenue W houses single-family home with 1,564SF of total living space; thus opportunity for intermediate rental income, prior to redevelopment. Seller of this vacant parcel and PIN084560291 Wharncliffe Road S. has retained consultant with owner of 19 Highview Avenue W. to prepare Proposal Summary for all three properties to be submitted for Pre-Application Consultation to set development parameters in principle with Municipality. London Plan Place Type boundary interpretation policy could allow all three properties to be considered under Urban Corridors Place Type. 15 storeys could be permitted based on Municipal Council approved amendment to London Plan. Final Provincial from approval from MMAH is forthcoming (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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Gabriela Humeniuk
Real Broker