6
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$1,150,000
Est. payment /mo
11,700 SqFt
Price Dropped by $149K
1033 Dundas ST London, ON N5W 3A4
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UPDATED:
12/19/2024 04:12 PM
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 11,700 sqft
Price per Sqft $98
MLS Listing ID X9391357
Annual Tax Amount $6,646
Tax Year 2024
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.
Location
Province ON
County Middlesex
Community East M
Area Middlesex
Region East M
City Region East M
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Available
Lot Depth 150.0
Others
Security Features No
Listed by CENTURY 21 FIRST CANADIAN CORP