$699,999

514-520 South Street

London ON, N6B 1C3

Description

Great development opportunity in up and coming SoHo. Current zoning is R7 which permits nursing homes, senior homes, retirement homes and more. Preliminary concept in progress for up to 24 stacked townhomes and 6- storey apartment/condo building with possible main floor commercial. Total property size is 150 x 196.33'. Current owners are in the process of obtaining demolition permits for the 2 existing houses on site. Potential development fee credit available! For 2020 credit fee is calculated at over $67,000 for both houses! Within 1-1/2 blocks of new 20 storey + high- rise towers under construction on former Victoria Hospital Lands. Listing Agents are related to one of the owners.

Details

MLS#187306
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site176

Features

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Area Information
ProvinceON
CountyMiddlesex
CityLondon
Postal CodeN6B 1C3
AreaEast
Listing VS Median (in N6B 1C3)
Price:
$699,999
low | high
Med:
$699,999
50% of Average
On Site:
176
low | high
Med:
176
100% of Average
Listing Updated: 09/30/2020
SHANNON HOWARD LogoMLS Number: 187306
Listing Provided By:
SHANNON HOWARD  of  STREETCITY REALTY INC.
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