551 TOPPING Lane

Located on the northeast corner of Clarke and Gore offering exceptional exposure. One of the few remaining corner lots for development. Currently being used as a car lot. Trailer on site can be purchased separately. Zoning Restricted ServiceCommercial-RSC1,3,5 permits automobile sales and service. Zoning also permits restaurants, convenience stores, financial institutions. Storm and sanitary sewers are at the lot line subject to verification by the Buyer. Survey available

Prime Development Opportunity: Shovel-Ready Apartment Building Site. This fully approved site is ready for the construction of a 4-storey apartment building featuring 15 residential units (6 two-bedroom/two-bathroom and 9 one-bedroom/one-bathroom)along with a ground-floor commercial space. All architectural, structural, mechanical, and electrical drawings have been completed and submitted for permit issuance. The Zoning By-law Amendment (ZBA) and Site Plan Approval (SPA) processes are fully complete. Upgraded stormwater, sewer, and water services have already been extended to the property line this year. Included in the purchase price are approximately $200,000 in soft costs and $200,000 in hard costs already invested in site preparation, including a $95K deposit with Magest Building Structures. An "as built" appraisal valued the property at $5.9M prior to recent interest rate adjustments. Seller will consider VTB.

After almost a century in use as a curling facility, this iconic corner location in Old East Village is now being offered for sale. With a coveted zoning (BDC) which allows for such uses as commercial, residential or combined uses, the ability to design and build a landmark project is now available to those with a bold vision. With just over an acre of land available (check with selling agent about City of London future easment) a large residential project would fit nicely within the envelope for sale. Uses for the building can be many based on the zoning until the new owner is ready to move on their project. Bus rapid transit will soon be operational on the King Street corridor which is an added amenity to the uses for the site.