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For sale
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$1,049,000

Est. $4,914/mo mortgage

0ba

36 Wethered Street · London, N5Y 1G9

MLS® X14033056

2 days on market2 days on market

Listed Oct 14, 2026

Listing courtesy of Right At Home Realty·Listing last changed 8 hours ago

Key facts

Property type
Vacant Land
Lot size
80 × 216.5 ft · Not Applicable acres
Property tax
$4,174/yr (2025)

Description

OUTSTANDING SHOVEL-READY DEVELOPMENT OPPORTUNITY!An exceptional opportunity to acquire a fully zoned and Site Plan Approved 8-unit residential development in a highly desirable location, approximately one block from Fanshawe College.The approved development consists of two 2-storey semi-detached dwellings containing a total of 4 residential units, plus one 2-storey cluster townhouse development containing 4 residential units, for a total of 8 residential units and 12 on-site parking spaces.Major planning approvals are already secured, significantly reducing entitlement risk and allowing the successful purchaser to move efficiently toward construction while saving valuable time and pre-development costs.The location is ideally suited for student housing and rental investment, with Fanshawe College approximately one block away and a bus stop conveniently located at the property. The property is also directly across from Tim Hortons, Finch Nissan and other amenities, providing excellent convenience for future residents.Enjoy easy access to major highways, shopping centres, schools, recreational and sports facilities, public transit and numerous other amenities.A rare opportunity to acquire a development-ready, income-oriented residential project in a strategic location near Fanshawe College. An excellent option for builders, developers and investors seeking an approved project with significant time and entitlement savings.

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Property details

Building & lot

Type
Vacant Land, Other
Lot size
80 × 216.5 ft · Not Applicable acres

Fees & taxes

Property tax
$4,174/yr (2025)

Location & neighbourhood

Directions

Carling Heights

London East, ON

Schools nearbyclosest is Blessed Sacrament Separate School, 360 m

Elementary

  • Blessed Sacrament Separate School

    360 m · Grades JK-8

    London District Catholic School Board

    4.8
  • Sir John A Macdonald Public School

    410 m · Grades JK-8

    Thames Valley District School Board

    5.3
  • Robarts Provincial School for the Deaf

    790 m · Grades JK-8

    Provincial

Secondary

  • John Paul II Catholic Secondary School

    690 m · Grades 9-12

    London District Catholic School Board

    3.3
  • Robarts Provincial School for the Deaf

    790 m · Grades 9-12

    Provincial

  • Robarts/Amethyst Demonstration Secondary School

    790 m · Grades 9-12

    Provincial

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. $5,731/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$4,914
Property tax$348
Insurance (est.)$219
Utilities (est.)$250
Total monthly$5,731
Land transfer tax$17,455 on closing

Ontario LTT

$17,455

First-time rebate

−$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

$1,049,000

Listed Oct 14, 2026

On the market
Affordabilityneeds $253,000 household income

Minimum household income required

$253,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

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Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

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(226) 212-5099 · colin@searchlondonhomes.com

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