149 Wellington Street London East, Ontario N6B 2K7
$8,250,000
Shovel-Ready Development Opportunity in SOHO Downtown London.Rare opportunity to acquire a premier high-density development site in the heart of Downtown London, Ontario. This approximately 1.1-acre parcel is ideally positioned beside the Convention Centre and just steps from the Transit Station, restaurants, entertainment, and major downtown amenities.The property comes with approved site plans for an impressive 18-storey mixed-use residential tower featuring approximately 270 residential units and 5 ground-floor commercial units, with a total gross floor area of approximately 278,000 sq. ft.Under the City of London's new Official Plan and TSA zoning framework, there is additional potential to increase density by approximately 30 residential units and an additional 39,000 sq. ft. of GFA.There is currently an existing building on the site leased to a restaurant tenant, generating interim rental income.This is a versatile opportunity suitable for either a condominium development or a purpose-built rental project in one of Southwestern Ontario's fastest-growing urban centres. (id:61015)
Property Details
| MLS® Number | X13137662 |
| Property Type | Vacant Land |
| Community Name | East K |
| Easement | Other |
Building
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 191 Ft |
| Size Frontage | 237 Ft ,5 In |
| Size Irregular | 237.43 X 191 Ft |
| Size Total Text | 237.43 X 191 Ft|1/2 - 1.99 Acres |
| Zoning Description | Bdc |
Utilities
| Cable | Available |
| Electricity | Available |
| Wireless | Available |
| Sewer | Available |
https://www.realtor.ca/real-estate/29763376/149-wellington-street-london-east-east-k-east-k
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June 05 2026 08:14:32
Toronto Regional Real Estate Board
Century 21 Landunion Realty Inc.