520 Sarnia Rd Lot | Terrain commercial | 0,68 ha | À vendre | 3 378 921 € | London, ON N6G 5A3

CBRE’s Land Services Group is pleased to offer for sale 520 Sarnia Road (known as the “Site” or “Property”) in the City of London. The Property is being sold “as is where is” by BDO Canada Limited in its capacity as Court-appointed Receiver over Horizen Developments GP Corp. The Site received Official Plan Amendment and Rezoning approvals from Council in May 2022 and has an advanced Site Plan application in place. The application proposes an 8-storey residential apartment building, with a gross floor area (GFA) of 106,361 square feet (9,881 square meters). A total of 129 units are proposed, in a mix of 32 studio, 63 one bedroom, 15 two-bedroom and 19 three-bedroom units. The evelopment also includes 100 parking stalls, all at grade, as well as an amenity space located within the basement level. The Site is located in West London, an ideal area for residential development with an abundance of amenities located in close proximity. Located just west of Wonderland Road South, a major north-south arterial road through London, the Site has exceptional connectivity and is a ±6-minute drive from Western University. In 2024-2025, Western University had a full-time enrollment of 37,875 students nd was ranked among the top 1% of higher education institutions worldwide. The City of London is located in the County of Middlesex, and the London CMA has a population of ±618,376 in 2024 (Source: Sitewise, Q3 2025). The City of London supports many surrounding communities, providing City services to the surrounding populations, including nearby smaller communities, such as St. Thomas and Woodstock. London is a major employment centre for several surrounding bedroom communities. The Southwestern Ontario market is well-positioned for growth, with growing industries emerging in the market. Indicators for London’s Multifamily Market demonstrate a history of stability and growth from consistent demand for rental product. Recent trends in London are reflective of a market undergoing a period of growth in the last four years, with vacancy near 2-3% coinciding with 1.8%, 1.6%, 1.7% and 2.8% vacancy rates between 2021 and 2024 (Source: CMHC, October 2024). The Offering represents an excellent development opportunity with an advanced Site Plan application in place for a 129 unit 8-storey apartment building, in a desirable West London location. The proposed development offers opportunities for student housing, professionals, and/or families.