11700 sqft
Fully Air Conditioned
Other
$1,299,900
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:50976)
Property Details
|
MLS® Number
|
X9391357 |
|
Property Type
|
Retail |
|
Community Name
|
East M |
|
Amenities Near By
|
Public Transit |
|
Farm Type
|
Other |
|
Features
|
Irregular Lot Size |
Building
|
Cooling Type
|
Fully Air Conditioned |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Other |
|
Size Interior
|
11700 Sqft |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Public Transit |
|
Size Depth
|
150 Ft |
|
Size Frontage
|
78 Ft |
|
Size Irregular
|
78 X 150 Ft ; Street |
|
Size Total Text
|
78 X 150 Ft ; Street |
|
Zoning Description
|
Bdc(47) |
https://www.realtor.ca/real-estate/27528093/1033-dundas-street-london-east-m
