An area builder may be set to breathe new life into a landmark London factory that’s been vacant for years.

City hall has sold the former McCormick’s candy-and-cookie-factory building for $1 to Sierra Construction, a Woodstock firm one politician says has big plans for the site on Dundas St., east of downtown.

“This is a gigantic win for Ward 4, for jobs, investment and assessment,” said Coun. Stephen Orser, who represents the area.

“It’s going to change the face of Dundas St.”

The factory was shut down in 2008 and its parent company walked away from the building, so city hall took possession.

Sierra’s plans are unclear. But last year its president told The Free Press it may turn the old factory that was built in 1913 to hold heavy machines and remains structurally sound into a seniors’ residence.?