743 Wellington Road London, Ontario N6C 4R5
$3,500,000
Prime redevelopment site fronting on the new Bus Rapid Transit North/South Corridor on busy Wellington Road. Close to all amenities including London Health Sciences Centre, White Oaks Mall, schools, churches, shopping and restaurants. Situated on 1.145 acres, the property has superior exposure to a major arterial road and transit, and is well suited for high density apartment development. The London Plan designates the site as Rapid Transit Corridor with Rapid Transit Boulevard street classification, providing an opportunity for intensification. Preliminary pre-consultation planning suggests a variety of development options exist ranging from an 11-unit, 2 storey townhouse development up to 12-16 storey apartment high-rise with up to 208 units. Traffic counts on Wellington Road are 41,500 vehicles per day. Currently zoned RO1 (Offices, Medical-Dental). The property is located just 1.5 km from London Health Sciences Centre and is across the street from Westminster Ponds, a 200-hectare environmentally significant area with ponds and walking trails. The site is currently improved with a split level office building comprised of 9,097 sq ft finished space above grade and 5,131 sq ft of finished space at or below grade. (id:46638)
Property Details
| MLS® Number | 40445518 |
| Property Type | Other |
| Amenities Near By | Hospital, Public Transit, Schools, Shopping |
| Community Features | High Traffic Area |
| Features | Visual Exposure |
| Parking Space Total | 42 |
| Sign Type | Pylon |
Building
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Aluminum Siding, Brick |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Exterior | 9073.0000 |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access, Highway Access |
| Acreage | Yes |
| Fence Type | Fenced Yard |
| Land Amenities | Hospital, Public Transit, Schools, Shopping |
| Landscape Features | Landscaped |
| Sewer | Municipal Sewage System |
| Size Depth | 213 Ft |
| Size Frontage | 207 Ft |
| Size Irregular | 1.145 |
| Size Total | 1.145 Ac|1/2 - 1.99 Acres |
| Size Total Text | 1.145 Ac|1/2 - 1.99 Acres |
| Zoning Description | Ro1 |
https://www.realtor.ca/real-estate/25785431/743-wellington-road-london
Interested?
Contact us for more information
470 Colborne Street
London, Ontario N6B 2T3
(519) 872-8326
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
July 06 2023 02:29:51
London and St. Thomas Association of REALTORS®
RE/MAX Hallmark A Team