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743 Wellington Road London, Ontario N6C 4R5

4 Bathroom 14228 sqft
Fully Air Conditioned Forced Air

$3,350,000

Prime commercial property fronting on busy Wellington Road South on the new Bus Rapid Transit North/South Corridor with average traffic counts of 41,500 vehicles per day. Situated on 1.145 acres, the property has superior exposure to a major arterial road and transit, and is well suited for high density high-rise development. The site is currently improved with a 14,228 sq ft split level office building comprised of 9,097 sq ft finished space above grade and 5,131 sq ft of finished space at or below grade. Split-level building style with several entrances and is easily divisible. Space is comprised of private offices, work spaces, boardrooms and meeting rooms. Close to all amenities including London Health Sciences Centre, White Oaks Mall, schools, churches, shopping and restaurants. Zoning allows Offices, Medical/Dental Offices, Clinics, Medical/Dental laboratories, Business service establishments, Day care centres, Personal service establishments and Financial institutions. The property is located just 1.5 km from London Health Sciences Centre and is across the street from Westminster Ponds, a 200-hectare environmentally significant area with ponds and walking trails. Lots of onsite parking with 42 parking spaces. Easy access to the 401 and downtown. The London Plan designates the site as Rapid Transit Corridor with Rapid Transit Boulevard street classification, providing an opportunity for intensification. Preliminary pre-consultation planning suggests a variety of development options exist ranging from an 11-unit, 2 storey townhouse development up to 12-16 storey apartment high-rise with up to 208 units. Also available For Lease (MLS #X8174336) (id:19173)

Property Details

MLS® Number X8465128
Property Type Office
Community Name South R
Amenities Near By Highway, Public Transit
Parking Space Total 42

Building

Bathroom Total 4
Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Forced Air
Size Interior 14228 Sqft
Type Offices
Utility Water Municipal Water

Land

Acreage No
Land Amenities Highway, Public Transit
Size Depth 213 Ft
Size Frontage 207 Ft
Size Irregular 207 X 213 Ft
Size Total Text 207 X 213 Ft
Zoning Description Ro1

https://www.realtor.ca/real-estate/27073973/743-wellington-road-london-south-r

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