London, ON N5W3A4,1033 DUNDAS STREET
London, ON N5W3A4,1033 DUNDAS STREET
London, ON N5W3A4,1033 DUNDAS STREET
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$1,299,900
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11,700 SqFt
Active

1033 DUNDAS STREET London, ON N5W3A4

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 11,700 sqft

Price per Sqft $111

Subdivision East M

MLS® Listing ID X9391357

Originating Board London and St. Thomas Association of REALTORS®

Property 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. (id:24570)

Location

Province ON

Interior

Heating Other

Cooling Fully air conditioned

Exterior

Garage No

Waterfront No

View Y/N No

Private Pool No


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Listed by CENTURY 21 FIRST CANADIAN CORP

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Peter Twolan

Broker | License ID: 4779593

+1(613) 668-8422

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1033 DUNDAS STREET