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1408 Ernest Avenue
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$3,900,000 Sale
Listed 8 hours ago
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Listing History
Buy/Sell/Terminated/Expired listing history for 1408 Ernest Avenue
Key Facts
Key facts for 1408 Ernest Avenue
Property Type
Commercial
Parking
None
MLS #
X12353331
Size
-
Basement
-
Listed on
2025-08-18
Lot size
168 x 266.0
Tax
$49,379.57 /yr
Days on Market
2
Approximate Age
-
Maintenance Fee
-
Description
An exceptional 1.029-acre infill development site in Londons White Oaks neighbourhood, recently re-zoned Residential R8-4, and approved for a wide range of medium-density residential uses including stacked townhouses, low-rise apartments, and converted dwellings.The property features an existing vac...ant two-storey commercial structure, approved for conversion into an 18-unit residential apartment building (44 units per hectare) with a flexible mix of 1-bedroom, 1+den, and 2-bedroom layouts. Approx. 12,950 ft2 of existing building space and 64 on-site parking stalls - with access via a shared private laneway - support a streamlined, low-cost redevelopment path. No Site Plan Control is required for the current approved conversion, reducing timeline and permitting barriers.Strategically located near transit, shopping, parks, schools, and employment hubs, this site offers strong tenant appeal and long-term upside in a corridor targeted for growth. Positioned between an established residential area and a neighbourhood commercial node, the site delivers natural transition, walkability, and policy-aligned density.Property is currently vacant and uninsured. Data room access with a signed CA.
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