162-164 Mill Street
London East, ON
- 7,104 sqft
- Land
- 93 days on market
Exceptional development opportunity in the heart of Downtown London. Situated on a 7,104 sq. ft. parcel at 162-164 Mill Street, this prime infill site is positioned within one of the city's fastest-growing redevelopment corridors, just one block from Richmond Street.Surrounded by restaurants, cafés, shopping, entertainment, transit, and major employment hubs, the property is ideally located for future residential intensification. The existing semi-detached dwelling offers holding value while buyers explore the site's redevelopment potential, with the possibility of a multi unit residential project, subject to zoning, planning approvals, permits, and all applicable City of London requirements.The Mill Street neighbourhood continues to experience significant investment, with a dynamic mix of established homes, rental properties, student housing, young professionals, and new multi-residential developments. Located approximately 10 minutes from Western University, home to more than 40,000 students, faculty, and staff, the area benefits from strong and consistent housing demand. Fanshawe College, major hospitals, Victoria Park, Canada Life Place, Covent Garden Market, and the downtown core are all within close proximity.Whether you're a developer, builder, or investor seeking your next urban infill project, this is a rare opportunity to secure land in one of London's most active growth areas. Buyers are encouraged to complete their own due diligence with the City of London regarding permitted uses and future development potential.
Listing Details
- Taxes (2025)
- $5,029
- Listed
- June 8, 2026
Price History
Listing history
Sign in to view
Property
- Lot Size
- 58.74 x 120 Feet
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- Richmond st and Oxford St
- Zoning
- R3-1
- Parcel Number
- 082620073
- Possession
- Immediate
- Occupancy
- Partial
Included
- Inclusions
- hot water tank (owned)
Community
Postal area N6A
- Population
- 13,810
- Private dwellings
- 9,768
- Median age
- 34
- Average household size
- 1.8
- Median household income
- $61,200
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 East · last 12 months
- Median sold price
- $460,750
- Homes sold
- 1,322
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,322 recorded sales of commercial properties in London East over the last 12 months.
Listed by
RE/MAX ADVANTAGE REALTY LTD.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 7,104 sq ft
- Price per sq ft
- $210.44
- Annual property tax
- $5,029
- Tax per sq ft
- $0.71
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?