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$1,299,900
Available - For Sale
Listing ID: X9391357
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.
Price $1,299,900
Taxes: $6,646.02
Tax Type: Annual
Occupancy by: Vacant
Address: 1033 Dundas St , London, N5W 3A4, Ontario
Postal Code: N5W 3A4
Province/State: Ontario
Legal Description: PLAN 320 PT LOTS 12 AND 13 S DUNDAS ST A
Lot Size: 78 x 150 (Feet)
Directions/Cross Streets: Located On Dundas Street between Egerton Street and Kellogg Lane
Zoning: BDC(47)
Category: Multi-Use
Use: Other
Building Percentage: Y
Total Area: 11,700
Total Area Code:  Sq Ft
Retail Area: 1200
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Approximatly Age: New
Financial Statement: N
Chattels: N
Franchise: N
Sprinklers: N
Rail: N
Heat Type: Gas Forced Air Open
Central Air Conditioning: Y
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
CENTURY 21 FIRST CANADIAN CORP

1033 Dundas St , London, N5W 3A4, Ontario


 
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At a Glance:
Type: Com - Commercial/Retail
Area: Middlesex
Municipality: London
Neighbourhood: East M
Style:
Lot Size: 78.00 x 150.00(Feet)
Approximate Age: New
Tax: $6,646.02
Maintenance Fee: $0
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