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$ 5,500,000
Est. payment /mo
New
520 Sarnia RD London North, ON N6G 5A3
1 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $5,500,000
Subdivision North I
MLS Listing ID X12437817
Tax Year 2025
Property Sub-Type Land
Lot Depth 108.59
Lot Front 481.04
Property Description
The Property is being sold as is where is by BDO Canada Limited in its capacity as Courtappointed Receiver over Horizen Developments GP Corp. The property received Official Plan Amendment and Rezoning approvals from Council in May 2022 and has an advanced Site Plan application in place. The application proposes an 8-storey residential apartment building, with a gross floor area (GFA) of 106,361 square feet (9,881 square meters). A total of 129 units are proposed, in a mix of 32 studio, 63 one bedroom, 15 two-bedroom and 19 three-bedroom units. The development also includes 100 parking stalls, all at grade, as well as an amenity space located within the basement level. The Site is located in West London, an ideal area for residential development with an abundance of amenities located in close proximity. Located just west of Wonderland Road South, a major north-south arterial road through London, the Site has exceptional connectivity and is a 6-minute drive from Western University. The Offering represents an excellent development opportunity with an advanced Site Plan application in place for a 129 unit 8-storey apartment building, in a desirable West London location. The proposed development offers opportunities for student housing, professionals, and/or families.
Location
Province ON
County Middlesex
Community North I
Area Middlesex
Zoning R9-7 (33), B-85
Exterior
Utilities Available Available
Lot Frontage 481.04
Lot Depth 108.59
Listed by CBRE LIMITED
