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
$1,150,000
Property Type
Vacant Land
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
