$1,299,900
FOR SALE

Commercial/Retail

Lot: 78 x 150 ftTotal Area: 11,700 ft2
2024 Taxes: $6,646.02

1033 Dundas St
London, ON N5W 3A4 | East M | Middlesex

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.
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Listed By CENTURY 21 FIRST CANADIAN CORP
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9391357
Last Updated Oct 10, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Category Multi-Use
Legal Description PLAN 320 PT LOTS 12 AND 13 S DUNDAS ST AND RP 33R21423 PARTS 5 TO 7 REG 11681.09SF 78.03FR 149.70D
Occupancy Vacant
Possession Date Flexible
Taxes (2024) $6,646.02
Tax Type Annual
Directions/Cross Streets Located On Dundas Street between Egerton Street and Kellogg Lane
Neighbourhood East M
Area Middlesex
Price History

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Detailed Information
Freestanding Y
Lot 78 x 150 ft
Lot Irregularities Street
Retail Area 1,200 ft2
Total Area 11,700 ft2
Approximate Age New
Air Conditioning Y
Basement N
Chattels N
Garage Type None
Heat Type Gas Forced Air Open
Financial Statement N
Area Influences Public Transit
Sprinklers N
Utilities A
Water Municipal
UFFI No
Rail N
Lot/Bldg/Unit Code Lot
Zoning BDC(47)
Seller Property Info Statement N

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The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

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