82 Base Line Road W, London ON

About 82 Base Line Road W

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:56071). Get more information on 82 Base Line Road W

Property Features

Features:  Crushed stone driveway, Laundry- Coin operated
Rental Equipment:  
Directions:  BASELINE ROAD WEST OF WHARNCLIFFE
Zoning Description:  R9-7
Interior Size:  2524 sqft
Fence:  Fence
Community Features:  Quiet Area, School Bus
Access:  Highway access
Lot:  under 1/2 acre
Exterior Finish:  Brick
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   Natural gas / Central air conditioning
Age:  1964
Constructed Date:  1964
Basement:  Partial (Unfinished) Unfinished

Rooms & Sizes