location_on 1033 Dundas St, London

Land

1033 Dundas St

London, Ontario N5W 3A4

$1,150,000

For Sale

Property Information

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.

Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : X9391357
Price : $1,150,000
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 73
Address
Postal Code : N5W 3A4
City : London
Street : Dundas
Street Number : 1033
Street Suffix : St
Floor Number : 0
Longitude : W82° 47' 0.2''
Latitude : N42° 59' 34.8''
Features
Heating System : Gas Forced Air Open
Brokerage
Office Name : CENTURY 21 FIRST CANADIAN CORP
Extra Information
Air Conditioning : Y
Area : Middlesex
living_area : 0
living_area_unit : Sqft
Community : East M
Lease : Sale
Tax Year : 2024

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1033 Dundas St London, Ontario N5W 3A4