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324 York St 0.37 Acres of Commercial Land Offered at $6,500,000 CAD in London, ON N6B 1P8
Investment Highlights
- Two high-profile downtown parcels totaling approximately 1.26 acres.
- Flexible DA1 zoning supports a large-scale mixed-use residential development.
- Located adjacent to the London Convention Centre and near the VIA Rail station.
- Concept plan proposes up to 550 residential units with retail on the ground floor.
Executive Summary
This unique downtown London development opportunity comprises two adjacent parcels totaling approximately 1.26 acres, available individually or as a combined package. Situated steps from the London Convention Centre and VIA Rail station, the properties benefit from exceptional connectivity and immediate access to the city’s core amenities. Both sites are zoned DA1(1)/DA1(3), supporting high-density mixed-use development, and the concept plan envisions as many as 550 residential units complemented by a commercial component.
Property Facts
| Price | $6,500,000 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.37 AC |
| Zoning | DA1(1/3), D350, H95, h-3 | ||
| Price | $6,500,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.37 AC |
| Zoning | DA1(1/3), D350, H95, h-3 |
1 Lot Available
Lot
| Price | $6,500,000 CAD | Lot Size | 0.37 AC |
| Price Per AC | $17,567,567.57 CAD |
| Price | $6,500,000 CAD |
| Price Per AC | $17,567,567.57 CAD |
| Lot Size | 0.37 AC |
Description
The properties are within the Downtown Development Charge Exemption Zone, offering significant savings potential for multi-family projects (to be confirmed with the City of London). In the interim, income generation is possible through on-site parking and advertising. Surrounded by hotels, office towers, and key retail, this is an outstanding infill opportunity in a city experiencing robust residential and mixed-use growth. Purchasers can capitalize on future demand for downtown housing and urban amenities through a high-profile project in one of London’s most connected districts.
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Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Very bikeable
80/100
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324 York St
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