



$1,049,000
London East
36 Wethered Street, London East (East C), Ontario, N5Y1G9
This lot in London East is for sale. It has been on the market 21 days, fresher than the London East average of 44 days.
OUTSTANDING SHOVEL-READY DEVELOPMENT OPPORTUNITY! (LOT FRONT-80, DEPTH - 216.50 FEET)An exceptional opportunity to acquire a fully zoned and Site Plan Approved 8-unit residential development in a highly desirable location, approximately one block from Fanshawe College. The approved development consists of two 2-storey semi-detached dwellings containing a total of 4 residential units, plus one 2-storey cluster townhouse development containing 4 residential units, for a total of 8 residential units and 12 on-site parking spaces. Major planning approvals are already secured, significantly reducing entitlement risk and allowing the successful purchaser to move efficiently toward construction while saving valuable time and pre-development costs. The location is ideally suited for student housing and rental investment, with Fanshawe College approximately one block away and a bus stop conveniently located at the property. The property is also directly across from Tim Hortons, Finch Nissan and other amenities, providing excellent convenience for future residents. Enjoy easy access to major highways, shopping centres, schools, recreational and sports facilities, public transit and numerous other amenities. A rare opportunity to acquire a development-ready, income-oriented residential project in a strategic location near Fanshawe College. An excellent option for builders, developers and investors seeking an approved project with significant time and entitlement savings. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 21 days on market, against an average age of 44 days across the listings currently for sale in this city
This vacant land in London East (East C) has been listed for 21 days, which is 23 days fresher than the city average of 44. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,049,000, about 16.5× the local median household income of $63,600.
Carrying it typically needs a household income of about $204,906 (20% down, 25-yr amortization, stress-tested) — roughly 222% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5Y)
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