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1408 ERNEST AVENUE

London South (South X), N6E3B2

$3,900,000

About This Home

An exceptional 1.029-acre infill development site in London's 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:66460)

Facts & Features

MLS® Number X13556312
Price $3,900,000
Property Type Multi-family
Annual Property Taxes $49,380
City London South (South X)
Listing Brokerage London and St. Thomas Association of REALTORS®

Location

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Based on this home's list price of $3,900,000.

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Justin Skrypnyk
Justin Skrypnyk
Real Estate Broker
Sutton Group Chapman Realty Inc., Brokerage

This listing is courtesy of London and St. Thomas Association of REALTORS®. Justin Skrypnyk can arrange a private showing or answer questions as your buyer's representative.

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1408 ERNEST AVENUE

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