Commercial Activity: October 11, 2023

A summary of recent commercial real estate activity in London

Photo: An industrial building at 220 Adelaide Street South sold for $2,175,000

300 Tartan Drive
type     Office building and surplus land
price   $21,000,000
seller   3M Canada Company
buyer  Workplace Safety and Insurance Board

2170 Buroak Drive
type     Residential development land
price   $29,000,000
seller   Vista Wood Estates Ltd.
buyer  CRR Foxwood Inc.

2009 Wharncliffe Road South
type     Residential development land
price   $1,950,000
seller   2838851 Ontario Inc.
buyer  1000634147 Ontario

220 Adelaide Street South
type     Industrial building
price   $2,175,000
seller   2479429 Ontario Inc.
buyer  Daniels London Ltd.

63 Wellington Road
type     Walk-up apartment building (portfolio sale)
price   $2,075,750
seller   Foundation Capital Holdings Inc.
buyer  63 Wellington Holdings Inc.

57 Wellington Road
type     Multi-family building (portfolio sale)
price   $1,856,300
seller   Foundation Capital Holdings Inc.
buyer  57 Wellington Holdings Inc.

41 Hamley Road
type     Vacant industrial land
price   $1,150,000
seller   1000393200 Ontario Inc.
buyer  B&D Carrier Inc.

126 Wellington Road
type     Commercial office building
price   $1,495,000
seller   SJMA On Site Group Inc.
buyer  Corporation of the City of London

310 Springbank Drive
type     Commercial (restaurant) building
price   $1,500,000
seller   2821679 Ontario Inc.
buyer  1000398450 Ontario Inc.

425 Wharncliffe Road South
type     Commercial building
price   $1,200,000
seller   1778139 Ontario Inc.
buyer  2851606 Ontario Inc.

4172 Raney Crescent
type     Industrial building
price   $1,100,000
seller   598879 Ontario Ltd.
buyer  Wharton Sales Co. Ltd.

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Transaction information provided by Mark McManus of Valco Consultants Inc., 519-667-9050 ext. 234, mmcmanus@valcoconsultants.com