1033 Dundas Street, London | Image 1

1033 Dundas Street

London, East M

  • Commercial

$1,299,900
For Sale

Added 2 months ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Business Type: Other

  • Zoning: BDC(47)

  • Age: New

  • Taxes: 6646.02

  • MLS®#: X9391357

  • Days on Site: 5 Days

  • Added: Oct 09, 2024 (2 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: CENTURY 21 FIRST CANADIAN CORP

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.

Property

  • Status: Sale

  • Type: Other

  • Property Type: Commercial/Retail

  • Property Type: Multi-Use

  • Age: New

  • Area: London

  • Community: East M

  • Availability Date: Flexible

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Basement: N

  • Heat Type: Gas Forced Air Open

  • UFFI: No

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PLAN 320 PT LOTS 12 AND 13 S DUNDAS ST AND RP 33R21423 PARTS 5 T

  • Taxes: $6,646

  • Taxes Type: Annual

Land

  • Cross Street: Located On Dundas St

  • Municipality District: London

  • Lot Depth: 150 Feet

  • Lot Frontage: 78 Feet

  • Lot Irregularities: Street

  • Zoning: BDC(47)

Commercial Specific

  • Rail: N

  • Retail Area: 1200

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 11700

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Franchise: N

  • Tangible Property Included: N

  • Lot Code: Lot

  • Financial Statement: N

Map of 1033 Dundas Street, London
JK-8

Trafalgar Public School

Elementary: Public
1.49 km
JK-8

Blessed Sacrament Separate School

Elementary: Catholic
1.37 km
5-8

St Mary School

Elementary: Catholic
1.11 km
JK-8

East Carling Public School

Elementary: Public
1.27 km
4-8

Lester B Pearson School for the Arts

Elementary: Public
1.69 km
JK-6

Académie de la Tamise

Elementary: Public
1.18 km
9-12

Robarts Provincial School for the Deaf

Secondary: Provincial
2.29 km
Pre-Grade 9-12

Robarts/Amethyst Demonstration Secondary School

Secondary: Provincial
2.29 km
9-12

Thames Valley Alternative Secondary School

Secondary: Public
0.87 km
9-12

B Davison Secondary School Secondary School

Secondary: Public
1.72 km
9-12

John Paul II Catholic Secondary School

Secondary: Catholic
2.07 km
9-12

H B Beal Secondary School

Secondary: Public
1.60 km
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