1408 Ernest Avenue, London South (south X), Ontario

$3,900,000

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14,773

Square feet

About 1408 Ernest Avenue

An exceptional 1.029-acre infill development site in Londons White Oaks neighbourhood, recently re-zoned Residential R8-4, and approved for a wide range of medium-density residential uses including stacked townhouses, low-rise apartments, and converted dwellings.The property features an existing vacant two-storey commercial structure, approved for conversion into an 18-unit residential apartment building (44 units per hectare) with a flexible mix of 1-bedroom, 1+den, and 2-bedroom layouts. Approx. 12,950 ft2 of existing building space and 64 on-site parking stalls - with access via a shared private laneway - support a streamlined, low-cost redevelopment path. No Site Plan Control is required for the current approved conversion, reducing timeline and permitting barriers.Strategically located near transit, shopping, parks, schools, and employment hubs, this site offers strong tenant appeal and long-term upside in a corridor targeted for growth. Positioned between an established residential area and a neighbourhood commercial node, the site delivers natural transition, walkability, and policy-aligned density.Property is currently vacant and uninsured. Data room access with a signed CA. (id:6289)

Features of 1408 Ernest Avenue

Listing # X12353331
Price $3,900,000
Bathrooms 0.00
Square Footage 14,773
Acres 0.00
Type Multi-family

Community Information

Address 1408 Ernest Avenue
Subdivision South X
City London South (south X)
Province Ontario
Postal Code N6E3B2

Amenities

Features Elevator
Is Waterfront No
Has Pool No

Interior

Heating Natural gas Forced air
Cooling Fully air conditioned
Fireplace No
Has Basement No

Exterior

Lot Description 168 x 266 FT

Listing Details

OfficePRIME REAL ESTATE BROKERAGE

Listing Map

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