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162-164 Mill Street London East ON

📍 London East, Ontario N6A 1P6

$1,495,000

Active
58.74×120LOT (FT)

📋 Listing Highlights

StatusActive
MLS®X13417756
ListedJun 8, 2026
Days on Market—
Property TypeCommercial
StyleLand
Cross StreetRichmond st and Oxford St
PossessionImmediate

📝 Listing Description

Prime downtown corner development site. This 7,104 sq. ft. parcel at 162-164 Mill Street offers exceptional redevelopment potential in one of London's most desirable urban growth areas. The property currently contains a semi-detached dwelling and is ideally positioned for future intensification, with potential for a 10-12 unit residential development (buyer to verify all zoning, planning, and approval requirements). Strong surrounding rental demand, and a location that is walking distance to restaurants, shops, entertainment, and the downtown core make this a compelling opportunity for investors and developers alike. A rare chance to secure a high-potential development site in the heart of London's rapidly evolving downtown.

🏠 Property Details

Property TypeCommercial
StyleLand

📐 Lot & Land

Lot Width58.74 ft
Lot Depth120 ft
Cross StreetRichmond st and Oxford St

💰 Financial

List Price$1,495,000
Annual Taxes$5,029 (2025)
PossessionImmediate

🧮 Mortgage Calculator

$299,000
Est. Monthly Payment
$7,344/mo
Principal: $1,196,000 · P+I only
Does not include taxes, insurance or CMHC
Listing provided by RE/MAX ADVANTAGE REALTY LTD.Data via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #X13417756 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.