$2,995,000For Sale

Prime Commercial Real Estate Opportunity in East London, close to the Western Fair Casino Complex, and the new Hard Rock Hotel, this versatile property is ideal for various uses or as a central hub for a single enterprise. With over 7800 sf and approx. 75 parking spots available, this site presents a remarkable opportunity for a growing business to relocate. This property is also ideal for investors looking to transform the space for diverse purposes, such as retail, office, or warehouse, in a dynamic plaza-style setting. Strategically situated at the North/East corner of Dundas St. and Rectory St. in the heart of East London, the site is adjacent to the Provincial Court offices and opposite The Aeolian Hall, offering a prime location east of downtown suited for high-rise apartment development. The area also features a variety of locally owned shops, unique restaurants, and cultural landmarks, enhancing its appeal. The property offers significant potential for future development, with plans available for two 6-storey buildings in an area poised for growth amid high-density multi-family developments. The current zoning allows for a density of up to 250 units per hectare, with the possibility of increasing density further through a zoning amendment. The proposed site plan outlines two 6-floor, 88-unit mid-rise buildings, which complement the completed Phase 2 environmental assessment and underscore the site's readiness for redevelopment. This is an exceptional investment opportunity in a rapidly evolving community.

Directions: On Dundas at Rectory

Cross Street: Rectory