656 Huron Street London East, Ontario N5Y 4J8

$499,000

Rare opportunity to acquire a shovel-ready infill development site at 656 Huron Street in London, Ontario. Recently rezoned to R6-5, this fully serviced lot offers approvals in place for a 5 unit townhome development, with flexibility for alternative residential forms including stacked townhomes or a 4 unit apartment-style building. Extensive due diligence and planning work has already been completed, including architectural drawings, environmental reports, and servicing and engineering review, providing a clear and efficient path toward development. This significantly reduces the time, cost, and uncertainty typically associated with the development process. Additional value includes development charge savings of $50,000+ from the previous dwelling, along with potential end-user rebate advantages under current programs. Situated in a high-exposure corridor with excellent proximity to downtown, Fanshawe College and King's University College, as well as transit and major amenities, this property presents a compelling opportunity for builders and developers seeking a de-risked project with immediate potential. A true value-add offering where the groundwork has been completed, allowing the next owner to focus on execution and delivery. (id:38604)

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https://www.realtor.ca/real-estate/29543599/656-huron-street-london-east-east-a-east-a