$8,250,000
Est. $38,649/mo mortgage
149 Wellington Street · London, N6B 2K7
MLS® X13137662
Listed May 15, 2026
Listing courtesy of Century 21 Landunion Realty INC.·Listing last changed Jun 5
Key facts
- Property type
- Vacant Land
- Lot size
- 237.43 × 191 ft · 0.50-1.99 acres
- Property tax
- $33,900/yr (2026)
Description
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.
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Property details
Building & lot
- Type
- Vacant Land, Other
- Lot size
- 237.43 × 191 ft · 0.50-1.99 acres
- Water & sewer
- Sewer
Fees & taxes
- Property tax
- $33,900/yr (2026)
Schools nearbyclosest is St. John French Immersion School, 690 m
Elementary
- 8.4
St. John French Immersion School
690 m · Grades JK-8
- 6.9
Tecumseh Public School
900 m · Grades JK-8
Thames Valley District School Board
- 4.5
Aberdeen Public School
1.1 km · Grades JK-8
Thames Valley District School Board
Secondary
- 4.2
London South Collegiate Institute
900 m · Grades 9-12
Thames Valley District School Board
- 5.7
Catholic Central High School
1.1 km · Grades 9-12
London District Catholic School Board
- 5.3
H B Beal Secondary School
1.3 km · Grades 9-12
Thames Valley District School Board
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $43,443/mo all in
Monthly payment estimate
Land transfer tax$192,725 on closing
Ontario LTT
$192,725
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed May 15, 2026
Affordabilityneeds $1,856,000 household income
Minimum household income required
$1,856,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Call Colin at (226) 212-5099 or text
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Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
Not intended to solicit clients already under contract.
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