33 Clemens Street London East, Ontario N5Y 1H5

$379,900

Prime Development Opportunity - Fully Serviced Lot 1.7 km from Fanshawe College. An exceptional opportunity to acquire a fully serviced and shovel-ready, vacant lot. An ideal location for student rentals, multi-family investment or long-term income generation. The property comes with architectural drawings for a proposed duplex, thoughtfully designed as: Unit 1: 5 bedrooms and Unit 2: 2 bedrooms + den. A new survey and lot grading plan have been completed and are available to the buyer. A building permit application was submitted to the City on January 27th and has already passed zoning review. The application remains in the review phase, with the City required to advise of any deficiencies by February 10th. The lot is fully serviced, significantly reducing development timelines and costs: Water: New 1" PEX water service stubbed to the property line. Sewer: At the property line and capped following demolition. Hydro: Overhead; confirmation from London Hydro that 200-amp service with two meters can be provided at no charge. Gas: Enbridge will connect gas with the first 20 meters free once the foundation is installed (buyer to verify). Additional value includes a paid deposit on roof trusses through Copps and Titan Trusses ($750 value) which will be transferred to the buyer. A major financial upside: development charges are expected to be waived for this project, an increasingly rare and highly valuable benefit. With close proximity to Fanshawe College, completed due diligence, services in place, and permits already underway; this offering presents a rare opportunity to enter a high-demand rental corridor with minimal upfront friction. Buyer to due their own diligence. AI photos are for illustration purposes only. (id:50976)

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https://www.realtor.ca/real-estate/29331801/33-clemens-street-london-east-east-c-east-c