1033 Dundas Street , London, ON N5W 3A4
London, ON N5W 3A4
Description
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.
Details
| MLS# | X9391357 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Price Change |
| Days On Site | 105 |
| Listing Provided By | CENTURY 21 FIRST CANADIAN CORP | Not Provided |
Features
| SQ Feet | 11,700 |
|---|---|
| Acreage | 0.27 |
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Learn More About This Property
| State | ON |
|---|---|
| County | Middlesex |
| City | London |
| Zip Code | N5W 3A4 |
| Area | East M |
| Listing VS Median (in N5W 3A4) | |
Price: $1,150,000 low | high Med: $1,150,000 SqFt: 11,700 low | high Med: 11,700 $ / SqFt: $98 low | high Med: $98 On Site: 105 low | high Med: 105.000000 | |