1408 Ernest Ave

For Sale 52 Days
$3,900,000
beds
baths
14,773 Sqft

1408 Ernest Ave

For Sale 52 Days
$3,900,000
beds
baths
14,773 Sqft

Highlights

Key insights

Description

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:63267)

JUSTIN KONIKOW of PRIME REAL ESTATE BROKERAGE,
#X12353331
updated 1 month ago.
Houseful checked MLS® for data 1 month ago.

Home overview

Amenities / Utilities
  • Cooling
    Fully air conditioned
  • Heat source
    Natural gas
  • Heat type
    Forced air
Location
  • Subdivision
    South x
  • Directions
    2155095
Overview
  • Lot size (acres)
    0.0
  • Building size
    14773
  • Listing #
    X12353331
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28752360/1408-ernest-avenue-london-south-south-x-south-x
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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