PRIME 1.34-ACRE MULTI-FAMILY SITE — FULLY SEVERED W/ VTB FINANCING
Shovel-ready infill development opportunity at 111 Craig St in growing Ailsa Craig
*Flat, street-grade 1.34-acre parcel features 109.9 ft frontage along Craig St
*Zoned R3-2 / (H)R3-3, the site supports low-rise apartments or row townhomes
*DEVELOPMENT HIGHLIGHTS: • Severance Complete: Reference Plan 33R-22421 is officially deposited with Land Registry, fully satisfying severance conditions
*Servicing Ready: Municipal 150mm water and 200mm sanitary stubbed to the boundary, backed by registered 5.5m servicing and 3m storm easements
*Preliminary engineering cleared by Dillon Consulting
*Location Advantage: Strategic Highway 7 corridor—just 20–35 minutes to North London employment and commercial hubs
*Positioned to capture London commuters and downsizing retirees
*VTB Financing: Vendor Take-Back mortgage available at up to 65% LTV for qualified buyers, preserving capital for build costs!More details
Discover this shovel-ready infill development opportunity in the heart of growing Ailsa Craig! Strategically located along the Highway 7 commuter corridor, commuters will find it easy to get to London's major employment hubs, ideal positioned for downsizing retirees. You will love how this flat, street-grade 1.34-acre residential parcel features 109.9 ft of frontage along Craig Street. Primed for residential development. Major pre-development work has been completed as a legal severance has been finalized, municipal water/sanitary services are stubbed directly to the boundary, and a preliminary civil engineering report has been completed. Flexible seller financing is available via a Vendor Take-Back (VTB) mortgage for qualified buyers. Don't miss out on this great opportunity!More details
1,522sf fronting on Industrial Road, just north off Dundas near Best Western Inn with easy access to Hwy 401. Zoned HS 1,HS 4,RSC 2,3,7., with open area, training rooms and private offices. Which can potentially be reconfigured for qualified Tenant. Additional rents are $7.50/sf. Utilities (hyrdo,gas,and water) are included in the additional rents, in this highly desirable location with 5 on-site parking.More details
Data was last updated November 1, 2026 at 04:15 AM (UTC)
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