$1
149 WELLINGTON Street, London East, ON N6B 2K7
0 Beds
0 Baths
Parking
Shovel-Ready Development Opportunity in SOHO Downtown London.Rare opportunity to acquire a premier high-density development site in the heart of Downtown London, Ontario. This approximately 1.1-acre parcel is ideally positioned beside the Convention Centre and just steps from the Transit Station, restaurants, entertainment, and major downtown amenities.The property comes with approved site plans for an impressive 18-storey mixed-use residential tower featuring approximately 270 residential units and 5 ground-floor commercial units, with a total gross floor area of approximately 278,000 sq. ft.Under the City of London's new Official Plan and TSA zoning framework, there is additional potential to increase density by approximately 30 residential units and an additional 39,000 sq. ft. of GFA.There is currently an existing building on the site leased to a restaurant tenant, generating interim rental income.This is a versatile opportunity suitable for either a condominium development or a purpose-built rental project in one of Southwestern Ontario's fastest-growing urban centres.

Property Summary

Property Type Residential Freehold
Property Sub Type Vacant Land
Transaction Type For Sale
Bedrooms Above Grade 0
Exposure East

Building

Building Type Vacant Land
Fireplace No

Measurements

Lot Size 237.43 x 191
Lot Size Area 1.09
Lot Size Units Feet
Frontage 237.43
Depth 191

Land

Address 149 WELLINGTON Street, London East, ON N6B 2K7
City London East
Community East K
County / Area Middlesex
Cross Street Located on the south-west corner of Wellington St. & Grey St.
Sewer Sewer
Pool None
Parcel Number 083280160

Parking and Garage

Garage Spaces 0
Garage Type None

Taxes and Listing Info

List Price $1
Annual Taxes $33,900
Tax Year 2026
Status Active
Listing Date 2026-05-16T00:50:01Z
Updated 2026-05-28T06:14:17Z
MLS Number X13137662
Local Market Insight

What Buyers Should Know About 149 WELLINGTON Street, London East, ON N6B 2K7

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

149 WELLINGTON Street, London East, ON N6B 2K7 is positioned in East K, a part of London East where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a Vacant Land, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Vacant Land should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Located on the south-west corner of Wellington St. & Grey St., public transit options, parking availability, and drive times to employment areas. A property with available parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $1, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows 0 bedrooms, 0 bathrooms, basement details marked as to be confirmed, and a lot size of 237.43 x 191, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In London East, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around East K. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 149 WELLINGTON Street, London East, ON N6B 2K7, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.