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743 Wellington Road, London, ON, N6C 4R5

MLS® # 40608676
new listing
Commercial For Sale In White Oaks, London, Ontario
$4,000,000
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
743 Wellington Road, London, ON
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ACTIVE
743 Wellington Road, London, ON, N6C 4R5
$4,000,000

Property Information:

Prime commercial property fronting on busy Wellington Road South on the new Bus Rapid Transit North/South Corridor with average traffic counts of 41,500 vehicles per day. Situated on 1.145 acres, the property has superior exposure to a major arterial road and transit, and is well suited for high density high-rise development. The site is currently improved with a 14,228 sq ft split level office building comprised of 9,097 sq ft finished space above grade and 5,131 sq ft of finished space at or below grade. Split-level building style with several entrances and is easily divisible. Space is comprised of private offices, work spaces, boardrooms and meeting rooms. Close to all amenities including London Health Sciences Centre, White Oaks Mall, schools, churches, shopping and restaurants. Zoning allows Offices, Medical/Dental Offices, Clinics, Medical/Dental laboratories, Business service establishments, Day care centres, Personal service establishments and Financial institutions. The property is located just 1.5 km from London Health Sciences Centre and is across the street from Westminster Ponds, a 200-hectare environmentally significant area with ponds and walking trails. Lots of onsite parking with 42 parking spaces. Easy access to the 401 and downtown. The London Plan designates the site as Rapid Transit Corridor with Rapid Transit Boulevard street classification, providing an opportunity for intensification. Preliminary pre-consultation planning suggests a variety of development options exist ranging from an 11-unit, 2 storey townhouse development up to 12-16 storey apartment high-rise with up to 208 units. Also available For Lease (MLS #40557077)

Property Features:

  • Bedrooms: 0
  • Acres Range:
  • Basement: Partial
  • Construction Materials: Aluminum Siding
  • Lot Depth: 213 Feet
  • Lot Features: Ample Parking, High Traffic Area, Highway Access, Hospital, Public Transit, Schools, Visual Exposure
  • Lot Frontage: 207.00 Feet
  • Parking Features: Asphalt, Guest
  • Security Features: Alarm System
  • Water Source: Municipal
  • Zoning: RO1
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 42

Courtesy of: A TEAM LONDON

Data provided by: London St. Thomas Association of REALTORS® 342 Commissioners Rd. W., London, Ontario N6J 1Y3
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 743 Wellington Road, London, ON, N6C 4R5

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

35 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

35 hot days expected in 2050

56/100

High

ClimateCheck®

Current data

This property, 743 Wellington Road , experiences 7 hot days per year at around 30.9 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 34.4 degrees Celsius.

Projected Avg. Temperature

Past
30.9℃
2050
34.4℃

# Hot Days Per Year

Past
7
2050
35

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

63/100

ClimateCheck®

Current data

This property, 743 Wellington Road , experiences 11 significant 2-day storms per year, with about 327.6mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 403.3mm of precipitation per year.

Precipitation Per Storm

Past
327.6mm
2050
403.3mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 743 Wellington Road, London, ON, N6C 4R5

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$84,192.49

Average Number of Children

1.88

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.52 %

High school certificate or equivalent

33.78 %

Apprenticeship trade certificate/diploma

4.45 %

College/non-university certificate

25.0 %

University certificate (below bachelor)

0.48 %

University Degree

12.76 %

Commuter

Travel To Work

By Car

83.17 %

By Public Transit

4.96 %

By Walking

5.77 %

By Bicycle

1.1 %

By Other Methods

5.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

Houses

56.01 %

Own Vs. Rent

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