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Type: Commercial/Retail
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Property Type: Commercial
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Business Type: Other
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Zoning: BDC(47)
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Age: New
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Taxes: 6646.02
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MLS®#: X9391357
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Days on Site: 5 Days
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Added: Oct 09, 2024 (4 months ago)
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Updated:
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Last Checked: 2 hours ago
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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
Trafalgar Public School
Elementary: PublicBlessed Sacrament Separate School
Elementary: CatholicSt Mary School
Elementary: CatholicEast Carling Public School
Elementary: PublicLester B Pearson School for the Arts
Elementary: PublicAcadémie de la Tamise
Elementary: PublicRobarts Provincial School for the Deaf
Secondary: ProvincialRobarts/Amethyst Demonstration Secondary School
Secondary: ProvincialThames Valley Alternative Secondary School
Secondary: PublicB Davison Secondary School Secondary School
Secondary: PublicJohn Paul II Catholic Secondary School
Secondary: CatholicH B Beal Secondary School
Secondary: Public
