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$8,200,000
Est. payment /mo
0.76 Acres Lot
UPDATED:
02/18/2025 06:16 AM
Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40696572
Originating Board Waterloo Region
Lot Size 0.760 Acres
Acres 0.76
Property Sub-Type Residential
Property Description
Rare SoHo Development Opportunity - Perfect for Investors & Developers. 12-Storey 219-Unit apartment building in a mix of modern suite configurations with spectacular views, green roof spaces & indoor/outdoor amenity areas. This 2 parcel amalgamation (currently with a 23 UNIT building + a 4 UNIT building) is exceptional. Its located across the road form park lands, adjacent to the river & is set within Londons SoHo District. Londons Community Improvement Plan for the SoHo district is a strategic initiative designed to foster development of the neighbourhood streets, shopping areas & connections to the Downtown, Old South and Thames River. Public infrastructure investment & the facilitation of private development is paramount to the mandate of this Community Improvement Plan. Worthy of consideration is the conduciveness of the site to potential funding options from various levels of government (Development Charges Exception/Dollars to Doors/Urban Accelerator Fund etc). In other words, this parcel is in the Goldilocks zone & you have a ground floor opportunity to make an excellent investment + the SELLER IS MOTIVATED!!
Location
Province ON
County Middlesex
Area East
Zoning R3-1
Direction Nelson & Colborne Street
Rooms
Other Rooms Other
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Lot Frontage 133.0
Lot Depth 249.0
Garage No
Building
Lot Description Urban, Ample Parking, City Lot, Public Transit
Faces Nelson & Colborne Street
Sewer Sewer (Municipal)
Water Municipal-Metered
New Construction No
Others
Senior Community false
Tax ID 083300025
Ownership Freehold/None
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Listed by PROMOVE REALTY BROKERAGE INC.
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