514-520 SOUTH Street

Other For Sale in London, Ontario

$699,999

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. (id:4069)

Address 514-520 SOUTH Street
List Price $699,999
Property Type Other
Area Ontario
Sub-Area London
MLS® Number 187306
Listing Brokerage STREETCITY REALTY INC. | ROYAL LEPAGE TRILAND REALTY
Basement Area None
Postal Code N6B1C3
Zoning R7

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Deb Dorman

StreetCity Realty Inc., Brokerage

519 York Street London Ontario N6B 4R1

Mobile: 519-859-4874

Toll Free: 1-866-340-2305

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