$1,049,000
Est. payment $4,645/moCalculate yours
36 Wethered Street, London East, ON N5Y 1G9
East, London, ON N5Y 1G9
Listing courtesy of RIGHT AT HOME REALTY MLS® X14033056
About this home
OUTSTANDING SHOVEL-READY DEVELOPMENT OPPORTUNITY! (LOT FRONT-80, DEPTH - 216.50 FEET)An exceptional opportunity to acquire a fully zoned and Site Plan Approved 8-unit residential development in a highly desirable location, approximately one block from Fanshawe College. The approved development consists of two 2-storey semi-detached dwellings containing a total of 4 residential units, plus one 2-storey cluster townhouse development containing 4 residential units, for a total of 8 residential units and 12 on-site parking spaces. Major planning approvals are already secured, significantly reducing entitlement risk and allowing the successful purchaser to move efficiently toward construction while saving valuable time and pre-development costs. The location is ideally suited for student housing and rental investment, with Fanshawe College approximately one block away and a bus stop conveniently located at the property. The property is also directly across from Tim Hortons, Finch Nissan and other amenities, providing excellent convenience for future residents. Enjoy easy access to major highways, shopping centres, schools, recreational and sports facilities, public transit and numerous other amenities. A rare opportunity to acquire a development-ready, income-oriented residential project in a strategic location near Fanshawe College. An excellent option for builders, developers and investors seeking an approved project with significant time and entitlement savings.
Property details
Overview
- Property Type
- Vacant Land
- For
- For Sale
- Status
- New
Lot & Parking
- Lot Size
- 80 x 216.5 Feet
- Zoning
- R1-6
Financial
- Property Taxes
- $4,174 (2025)
Location
- Neighbourhood
- East
- Cross Street
- Wethered St. & Oxford
- Direction Faces
- East
Listing
- MLS® Number
- X14033056
- Days on Market
- 4
- Listed On
- 2026-10-14
- Possession
- Immediate
- Listed By
- RIGHT AT HOME REALTY
Mortgage calculator
Estimated mortgage payment
$4,645 per month
- Principal and interest
- $4,645
- Property tax
- $348
- Condo fees
- $0
- Estimated monthly cost
- $4,993
Your mortgage
- Mortgage amount
- $839,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $554,224
Cash to close
- Down payment
- $209,800
- Land transfer tax
- $17,455
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $227,255
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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