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Prime redevelopment site fronting on the new Bus Rapid Transit North/South Corridor on busy Wellington Road. Close to all amenities including London Health Sciences Centre, White Oaks Mall, schools, churches, shopping and restaurants. Situated on 1.145 acres, the property has superior exposure to a ...major arterial road and transit, and is well suited for high density apartment development. The London Plan designates the site as Rapid Transit Corridor with Rapid Transit Boulevard street classification, providing an opportunity for intensification. Preliminary pre-consultation planning suggests a variety of development options exist ranging from an 11-unit, 2 storey townhouse development up to 12-16 storey apartment high-rise with up to 208 units. Traffic counts on Wellington Road are 41,500 vehicles per day. Currently zoned RO1 (Offices, Medical-Dental). The property is located just 1.5 km from London Health Sciences Centre and is across the street from Westminster Ponds, a 200-hectare environmentally significant area with ponds and walking trails. The site is currently improved with a split level office building comprised of 9,097 sq ft finished space above grade and 5,131 sq ft of finished space at or below grade. (id:10452)
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