Description

Prime Development Site/Vacant Land Site available For Sale in Northwest London. Rare opportunity to purchase a 0.965 acre site, along Hyde Park Rd in the highly desirable Northwest area of London. Ideal property size and location to Build your own building and or Build your own mixed-use Residential / Commercial building or Retirement home or Medical facility etc.. There are currently 2 tenants willing to continue leasing the existing buildings/property, providing rental income currently of $7,000.00 per month. This presents an opportunity for a purchaser to generate Interim Income while advancing redevelopment plans for the property. Site Area: 0.965 acres. Site has direct exposure and access to Hyde Park Rd. Site Dimensions: 234.86 ft x 179.00 ft x 234.49 ft x 179.59 ft. Current Zoning: BDC1/BDC2 - Permits a wide range of uses. New Improved Asking Price: $3,465,000. Located just down the street from Canadian Tire, Walmart, Golf Town, Rona, Mandarin Restaurant, Winners, Marshalls, Homesense, Gap, SportChek, Rexall etc. Located rapidly growing Residential and Commercial node in London. Several new residential and commercial developments in the area, including low, medium, high rise residential developments and mixed-use developments. This vibrant location offers a perfect blend of commercial and residential potential, ideal for higher density commercial / residential development. The proposed 6-storey mixed-use building, featuring 70 residential units with approx. 8,900 sq ft of ground-floor commercial space, aligns seamlessly with the City of London's plan and vision for the area and for these types of infill development sites. A Buyer could look at modifying / revising the zoning to bonus up the building density and add 2 more storeys as a retirement home / residential development etc.. Municipal services and utility services are available to the site.

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