19 Highview Avenue, London, Ontario N5J 2A2 (28038893)

$3,600,000

This property is prime for multi-storey residential redevelopment. Comprises O.17 acres, to be sold together with the easterly two vacant 17 Highview Avenue W and Pin#084560291 Wharncliffe Road S Parcels, which are separately listed for sale by a third party. All three properties total 0.793 acres. High traffic area (over 34,000 Vehicles per Day), along Wharncliffe Road S. Adjacent to London's Golden Auto Mile (Wharncliffe Rd. S.), Just South of Commissioners Rd., W., which carries over 31,000 vehicles per day. Adjacent to 3 bus routes and a multi-storey Venvi Living Retirement Residence. Amenity-rich area, including grocery stores, business centres, car dealerships, golf, parks, regional hospital, restaurants, and retail. Roughly a minute from Downtown London and much more. Subject property is designed "Neighbourhoods". Both subject and 17 Highview and Avenue W require rezoning from their current R1-9 uses. PIN #084560291 Wharncliffe Road S. is zoned for up to 12-storeys. Its permitted uses include apartment buildings, lodging house class 2, Senior Citizens apartment buildings, handicapped persons apartment buildings, and continuum-of-care facilities. Public site plan review will be required for all three properties to ensure that development takes a form compatible with adjacent uses. Subject property houses a single-family home with 1,564 SF of total living space; thus offering the opportunity for intermediate rental income, prior to redevelopment. (id:54662)

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