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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision South P
MLS Listing ID X13547490
Annual Tax Amount $65,713
Tax Year 2025
Property Sub-Type Investment
Property Description
Rare opportunity to purchase a fully occupied Office Building with income in-place and zoning amendments underway to allow for a mixed use development. The +/- 1.8 acre site is currently improved with a +/- 15,215 SF Building that is fully leased to 5 tenants and features +/- 90 parking stalls. Located in desirable South London, at the signalized southeast corner of Wharncliffe Road South and Commissioners Road East, the Property provides quick access to Downtown London and Highways 402&401 and is well served by public transportation. Various amenities are located in the area, including grocery, pharmacy, restaurants, and recreational areas. The Property provides an excellent opportunity for Residential Development, with excess land available on the east side of the Side for Phase 1 development of 78 units. Phase 2 can be completed at a later date and can add an additional 79 units on the west side of the Site where the Office Building currently is located.
Location
Province ON
County Middlesex
Area Middlesex
Zoning BDC (44)*B-81
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 408.05
Others
Security Features Yes
ParcelsYN No
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Listed by CBRE LIMITED
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