1408 Ernest Avenue
London South, ON
- 14,773 sqft
- Investment
- 192 days on market
An exceptional 1.029-acre infill development site in London's 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 vacant 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 ft 2 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.
Listing Details
- Taxes (2026)
- $49,380
- Listed
- February 27, 2026
Price History
Listing history
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Property
- Lot Size
- 168 x 266 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Ernest and Jalna
- Zoning
- R8-4
- Possession
- Immediate
- Occupancy
- Vacant
Commercial
- Business Type
- Apts - 13 To 20 Units
Community
Postal area N6E
- Population
- 28,140
- Private dwellings
- 10,366
- Median age
- 38
- Average household size
- 2.7
- Median household income
- $75,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in London South · last 12 months
- Median sold price
- $585,000
- Homes sold
- 1,885
- Median days on market
- 27
- Sale-to-list price
- 97.4%
Based on 1,885 recorded sales of commercial properties in London South over the last 12 months.
Listed by
PRIME REAL ESTATE BROKERAGE
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 14,773 sq ft
- Price per sq ft
- $264.00
- Annual property tax
- $49,380
- Tax per sq ft
- $3.34
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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