Description

This property prime for multi-storey residential redevelopment. Comprises 0.17 acres, to be sold together with easterly vacant 17 Highview Avenue W and PIN084560291 Wharncliffe Road S Parcels, which are separately listed for sale by third party. All three properties total 0.793 acres. High traffic area (over 34,000 Vehicles per Day), along Wharncliffe Road S. Adjacent to London's Golden Auto Mile (Wharncliffe Rd. S.), Just South of Commissioners Rd., W., which carries over 31,000 vehicles per day. Adjacent to 3 bus routes and multi-storey Venvi Living Retirement Residence. Amenity-rich area, including grocery stores, business centres, car dealerships, golf, parks, regional hospital, restaurants, and retail. 8 mins from Downtown London and much more. Subject property designed "Neighbourhoods". Both subject and 17 Highview and Avenue W require rezoning from current R1-9 uses. PIN084560291 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. Subject property houses single-family home with 1,564 SF of total living space; thus opportunity for intermediate rental income, prior to redevelopment. Record of Pre-Application Consultation with City of London now available for review, subject to NDA being signed.

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