$3,900,000
 $20,936 est/mo Sourced by Back At You

1408 Ernest Avenue,London South (South X), ON N6E3B2

London South (South X), ON N6E3B2

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Description

An exceptional 1.029-acre infill development site in London's 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:13843)

Details

MLS #X13556312
Listing TypeFor Sale
StatusActive
Days On Site110
Listing Provided ByPRIME REAL ESTATE BROKERAGE | JUSTIN KONIKOW

Features

SQ Feet14,773
ZoningR8-4

Interior

CoolingFully air conditioned
HeatingNo heat
Fireplace Yes / NoNo

Exterior

Lot FeaturesElevator

Utilities

Water SourceMunicipal water

Taxes

Tax Annual Amount49379.57

Area Information

ProvinceON
CityLondon South (South X)
Postal CodeN6E3B2
Listing VS Median (in N6E3B2)
Price:
$3,900,000
low | high
Med:
$3,900,000
50% of Average
sqft:
14,773
low | high
Med:
14,773
50% of Average
$ / sqft:
$264
low | high
Med:
$264
50% of Average
On site:
110
low | high
Med:
110
100% of Average
Sourced by Back At You

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Learn More About This Property

ProvinceON
CityLondon South (South X)
Postal CodeN6E3B2
Listing VS Median (in N6E3B2)
Price:
$3,900,000
low | high
Med:
$3,900,000
50% of Average
sqft:
14,773
low | high
Med:
14,773
50% of Average
$ / sqft:
$264
low | high
Med:
$264
50% of Average
On site:
110
low | high
Med:
110
100% of Average
Sourced by Back At You
Listing Updated: October 22, 2026 at 1:05:03 PM PDT