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In-PersonVirtual Tour
$ 1,150,000
Est. payment | /mo
11,700 SqFt
$ 1,150,000
Est. payment | /mo
11,700 SqFt
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Square Footage 11,700 sqft
Price per Sqft $98
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
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Storm sewer
Listed by CENTURY 21 FIRST CANADIAN CORP
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