900 Jalna BLVD Active Save Request In-Person Tour Request Virtual Tour
London South,ON N6E 3A4
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 2 sqft
Price per Sqft $2,650,000
Subdivision South X
MLS Listing ID X12076103
Annual Tax Amount $90,565
Tax Year 2024
Property Sub-Type Land
Property Description
This versatile 35,341 sq. ft. commercial building, currently operating as a turnkey fitness center, offers outstanding potential for conversion to a variety of uses including recreation, medical, educational, office, or big-box retail. Priced under $150 per sq. ft. approximately one-third of the estimated replacement cost this property represents tremendous value. The facility features a wide range of amenities: an indoor pool, 100 meter running track, four squash courts, spacious locker rooms with showers, saunas, and hot tubs. Additional highlights include truck-level loading, ceiling heights up to 20 feet, and ample on-site parking on the 2.01-acre lot. Existing fitness equipment may be included for the new owner or tenant. The current tenant is scheduled to vacate by July 15, 2025.The site is also a prime residential redevelopment opportunity. A proposed site plan for 78 stacked townhouse units is ready for site plan approval. Current zoning supports up to 100 units per hectare, offering further development flexibility. The seller is open to supporting rezoning efforts. Strategically located in south London with excellent visibility along Southdale Rd E, the property offers quick access to Highway 401 via Wellington Rd S (only 4 km away) and is surrounded by established residential communities. Also available for lease. see MLS# X12076106.
Location
Province ON
County Middlesex
Community South X
Area Middlesex
Zoning R6-5(100)
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 2.01
Others
Security Features No