Property Specs:
Price$1,299,900.00
CityLondon, ON
Address1033 DUNDAS STREET
Listing IDX9391357
Land Size78 x 150 FT ; Street
StatusFor sale
Extended Features:
Amenities Nearby Public TransitFarm OtherFeatures Irregular lot sizeCooling Fully air conditionedHeating OtherHeating Fuel Natural gasUtility Water Municipal water
Details:
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:4555)
