1408 ERNEST AVENUE, London South (South X) NEW LISTING

Brokered by: PRIME REAL ESTATE BROKERAGE

MLS®: X12353331 ()

Price: $3,900,000.00

Address: 1408 ERNEST AVENUE, London South (South X)
FOR SALE
Postal Code: N6E3B2
Style: 
Type: Multi-family Multi-Family
Bedrooms: 0
Bathrooms: 0
Lot Size:   168 ft x 266 ft
Property Size:  168 x 266 FT


About 1408 Ernest Avenue

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:56071). Get more information on 1408 Ernest Avenue

Property Features

Features:  Elevator
Rental Equipment:  
Directions:  Ernest and Jalna
Zoning Description:  R8-4
Interior Size:  14773 sqft
Lot:  168 x 266 FT 168 x 266 FT
Water:  Municipal water,
Heating / Cooling:   Natural gas / Fully air conditioned
Age: 
Basement:  

Rooms & Sizes

     

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JD

John DiRenzo

Sales Representative
RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490

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John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.