$ 3,350,000
743 Wellington RD London, ON N6C 4R5
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$ 3,350,000
Est. payment /mo
Active
743 Wellington RD London, ON N6C 4R5
4 Baths
14,228 SqFt
UPDATED:
07/12/2024 01:05 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 14,228 sqft
Price per Sqft $235
MLS Listing ID X8465128
Annual Tax Amount $48,550
Tax Year 2023
Property Description
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)
Location
State ON
County Middlesex
Zoning RO1
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Parking Type Outside/Surface
Others
Security Features No
Listed by A TEAM LONDON