Prime Development Opportunity: Shovel-Ready Apartment Building Site. This fully approved site is ready for the construction of a 4-storey apartment building featuring 15 residential units (6 two-bedroom/two-bathroom and 9 one-bedroom/one-bathroom)along with a ground-floor commercial space. All architectural, structural, mechanical, and electrical drawings have been completed and submitted for permit issuance. The Zoning By-law Amendment (ZBA) and Site Plan Approval (SPA) processes are fully complete. Upgraded stormwater, sewer, and water services have already been extended to the property line this year. Included in the purchase price are approximately $200,000 in soft costs and $200,000 in hard costs already invested in site preparation, including a $95K deposit with Magest Building Structures. An ""as built"" appraisal valued the property at $5.9M prior to recent interest rate adjustments. Seller will consider VTB. (id:4069)
| Address |
1033 DUNDAS STREET |
| List Price |
$1,299,900 |
| Property Type |
Retail |
| Area |
Ontario |
| Sub-Area |
London |
| Floor Area |
11,700 Sq. Ft. |
| Lot Size |
78 x 150 FT ; Street Sq. Ft. |
| MLS® Number |
X9391357 |
| Listing Brokerage |
CENTURY 21 FIRST CANADIAN CORP
|
| Postal Code |
N5W3A4 |
| Zoning |
BDC(47) |
| Site Influences |
Public Transit |
| Features |
Irregular lot size |
