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Royal LePage
Royal LePage
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$3,900,000

London South (South X) ON, N6E 3B2

MLS® # X12353331

Property Information:

An exceptional 1.029-acre infill development site in Londons White Oaks neighbourhood, recently re-zoned Residential R8-4, and approved for a wide range of medium-density residential uses including stacked townhouses, low-rise apartments, and converted dwellings.The property features an existing vacant two-storey commercial structure, approved for conversion into an 18-unit residential apartment building (44 units per hectare) with a flexible mix of 1-bedroom, 1+den, and 2-bedroom layouts. Approx. 12,950 ft2 of existing building space and 64 on-site parking stalls - with access via a shared private laneway - support a streamlined, low-cost redevelopment path. No Site Plan Control is required for the current approved conversion, reducing timeline and permitting barriers.Strategically located near transit, shopping, parks, schools, and employment hubs, this site offers strong tenant appeal and long-term upside in a corridor targeted for growth. Positioned between an established residential area and a neighbourhood commercial node, the site delivers natural transition, walkability, and policy-aligned density.Property is currently vacant and uninsured. Data room access with a signed CA. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 14773 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Multi-family
  • Features: Elevator
  • Floor Space (approx): 14773 Square Feet
  • Irregular: Yes
  • Lot Depth: 266.0 Feet
  • Lot Frontage: 168.0 Feet
  • Lot Size: 168 x 266 FT
  • Zoning: R8-4

Courtesy of: PRIME REAL ESTATE BROKERAGE

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 1408 ERNEST AVENUE, London South (South X), Ontario, N6E 3B2

Demographic Information of 1408 ERNEST AVENUE, London South (South X), Ontario, N6E 3B2

Life Stage

Young Families

Employment Type

Service Sector

Average Household Income

$74,074.42

Average Number of Children

1.80

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.46 %

High school certificate or equivalent

34.37 %

Apprenticeship trade certificate/diploma

4.63 %

College/non-university certificate

22.52 %

University certificate (below bachelor)

1.69 %

University Degree

13.34 %

Commuter

Travel To Work

By Car

83.05 %

By Public Transit

8.01 %

By Walking

3.89 %

By Bicycle

0.0 %

By Other Methods

5.05 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

66.16 %

Houses

33.84 %

Own Vs. Rent

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