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514-520 South Street London, Ontario N6B 1C3

No Heat

$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:20872)

Property Details

MLS® Number 187306
Property Type Other

Building

Basement Type None
Fireplace Present No
Heating Type No Heat

Land

Acreage No
Sewer No Sewage System
Size Depth 196 Ft
Size Frontage 150 Ft
Size Total Text 1/2 - 1.99 Acres
Zoning Description R7

https://www.realtor.ca/real-estate/20568272/514-520-south-street-london

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