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27 Clarke Rd 1.7 Acres of Residential Land Offered at $2,364,032 USD in London, ON N5W 5W5
EXECUTIVE SUMMARY
Both existing structures are planned for demolition as part of the proposed development. Proposed 6-story multi-unit residential development, featuring 109 apartments and 7 townhouses.
The project proposes a mix of 1, 2, and 3-bedroom apartments to align with provincial policies aimed at increasing housing availability around Ontario’s metropolitan areas. The development also features a diverse housing mix, including 2-story townhouses, to accommodate a broad range of potential homeowners.
A regional analysis of the surrounding area was carried out. The context surrounding the subject site includes a diverse range of land uses, including residential neighborhoods, light industrial areas, commercial-industrial zones, and green spaces, as outlined in The London Plan.
The development of a thoughtfully designed 6-story apartment and townhouse building will establish a high design standard for future projects in the area, create a streetscape along Clarke Road, and foster interaction with the roadway in a region where most existing developments are inward-facing.
The project proposes a mix of 1, 2, and 3-bedroom apartments to align with provincial policies aimed at increasing housing availability around Ontario’s metropolitan areas. The development also features a diverse housing mix, including 2-story townhouses, to accommodate a broad range of potential homeowners.
A regional analysis of the surrounding area was carried out. The context surrounding the subject site includes a diverse range of land uses, including residential neighborhoods, light industrial areas, commercial-industrial zones, and green spaces, as outlined in The London Plan.
The development of a thoughtfully designed 6-story apartment and townhouse building will establish a high design standard for future projects in the area, create a streetscape along Clarke Road, and foster interaction with the roadway in a region where most existing developments are inward-facing.
PROPERTY FACTS
| Price | $2,364,032 USD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.70 AC |
| Property Type | Land | ||
| Zoning | LI1/LI3 - Light Industrial | ||
| Price | $2,364,032 USD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 1.70 AC |
| Zoning | LI1/LI3 - Light Industrial |
1 LOT AVAILABLE
Lot
| Price | $2,364,032 USD | Lot Size | 1.70 AC |
| Price Per AC | $1,390,607.21 USD |
| Price | $2,364,032 USD |
| Price Per AC | $1,390,607.21 USD |
| Lot Size | 1.70 AC |
The property spans approximately 73,441 square feet, currently, the site features a single-detached house with an attached garage. Proposed 6-story multi-unit residential development, featuring 109 apartments and 7 townhouses. The project proposes a
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27 Clarke Rd
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