149 WELLINGTON Street, London East, ON N6B 2K7

For Sale 4 days on Market MLS® X13137662
Asking Price
$8,250,000
Oracle AI
Full Report →
Overview
Active
Shovel-Ready Development Opportunity in SOHO Downtown London.Rare opportunity to acquire a premier high-density development site in the heart of Downtown London, Ontario. This approximately 1.1-acre parcel is ideally positioned beside the Convention Centre and just steps from the Transit Station, restaurants, entertainment, and major downtown amenities.The property comes with approved site plans for an impressive 18-storey mixed-use residential tower featuring approximately 270 residential units and 5 ground-floor commercial units, with a total gross floor area of approximately 278,000 sq. ft.Under the City of London's new Official Plan and TSA zoning framework, there is additional potential to increase density by approximately 30 residential units and an additional 39,000 sq. ft. of GFA.There is currently an existing building on the site leased to a restaurant tenant, generating interim rental income.This is a versatile opportunity suitable for either a condominium development or a purpose-built rental project in one of Southwestern Ontario's fastest-growing urban centres.
Lot Size
1.0 acres
Type
Vacant Land

Property Details

Year BuiltNot Disclosed
CityLondon East
Postal CodeN6B2K7
Lot Dimensions237.43 × 191.00 ft

Exterior & Land

Sewer: Sewer

Utilities & Services

Heat SourceWell
SewerSewer

Financial Information

List Price$8,250,000
Annual Taxes$33,900 (2026)
Days on Market4
MLS® X13137662 • Listed by CENTURY 21 LANDUNION REALTY INC.
149 WELLINGTON Street, London East, ON N6B 2K7
Wed
10
Jun
Thu
11
Jun
Fri
12
Jun
Sat
13
Jun
Sun
14
Jun
Mon
15
Jun
Tue
16
Jun
Morning8am - 12pm
Afternoon12pm - 5pm
Evening5pm - 9pm
OR
WhatsApp Aman
(416) 845-2151
We're available today until 9 pm.
By submitting this form, you agree your information may be shared to provide the service requested.

Purchase Calculator

$8,250,000.00
$1,732,500.00

⚙️ Rate

Your mortgage interest rate can either be Fixed for the term or Variable.

4.70%

🧾 Amortization
30 years
Scenario Options
First-time Buyer
Newly Built
Insured Prefer

💸 Rental Income
🏠 Home Expenses
$900.00
100%
$400.00
📉 Taxes
🛠️ Maintenance
⚡ Utilities etc.
Total Monthly Cost ⚙️
0
/month
Principal & interest
Home expenses
Other expenses
Rental income
  • Monthly Mortgage$0.00
  • Home Expenses$0.00
  • Other Expenses$0.00
  • Rental Income$0.00
Mortgage Amount
$0.00
Closing Costs
$0.00

Mortgage Payment$0.00
Net Mortgage$0.00
Interest paid over term$0.00
Balance end of Term$0.00
Effective Amortization30 Years
Property Location
149 WELLINGTON Street, London East, ON N6B 2K7
Top 5% RE/MAX Ontario
AT
Aman Toor
RE/MAX Realty Specialists Inc.
Rural & Farm Property Expert
Available Now
Meet Your Agent

Aman Toor

Rural & Agricultural Property Specialist — RE/MAX

With over 10 years navigating Ontario's farm and acreage market, Aman brings real data, deep county knowledge, and no-nonsense negotiation to every deal. From 5-acre hobby farms to 500-acre agricultural estates — he's done it all across Dufferin, Simcoe, Grey, Caledon, and beyond.

10+
Years in Rural RE
500+
Properties Sold
98%
Client Satisfaction
🌾 Farm & Agriculture 🏡 Rural Estates 🌲 Vacant Land 🐴 Equestrian 📋 TRREB® Data