$1,299,990
FOR SALE

Multiplex 2-Storey

Bathrooms: 7Lot: 130 x 130 ft
2023 Taxes: $11,675

64 High St W
Strathroy-Caradoc, ON N7G 1G8 | SW | Middlesex

Discover an unparalleled investment opportunity at 64 High St West, located in the vibrant heart of Strathroy, Ontario. This prime property offers a rare chance for investors, builders, and developers to capitalize on an incredible development project. The draft plans, currently under review, outline a new 24-unit apartment building. The proposed design includes 8 one-bedroom and 16 two-bedroom units, addressing the growing demand for diverse housing options in the area. Strategically situated in a thriving community, this property benefits from proximity to essential amenities, transportation links, and local services, enhancing its appeal for future residents. The review process for the draft plans is progressing smoothly, and a minor variance application is underway, with optimistic expectations for approval with positive feedback from the municipal level. The existing 7-plex has a great tenant profile, offering 7 units consisting of 1 Bachelor, 3 1 Bed Units, 1 1 Bed + Den, 1 2 Bedroom and 1 3 Bedroom + Den. Seize this unique opportunity to make a substantial impact in Strathroy's development landscape or buy and hold this great property as it stands and benefit from some serious upside.
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Listed By KELLER WILLIAMS LIFESTYLES
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9354825
Last Updated Sep 19, 2024
Property Summary
Property Type Multiplex

More like this:
PIN 096080027
Legal Description LTS 148 & 149 & ELY 30 FT OF LT 150, 34PL224; MUNICIPALITY OF STRATHROY-CARADOC
Possession Date Flexible
Taxes (2023) $11,675
Directions/Cross Streets Princess & High St W
Neighbourhood SW
Area Middlesex
Price History

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Detailed Information
Fronting On S
Special Designations Unknown
Bathrooms 7
Rooms 26
Kitchens 7
Lot 130 x 130 ft
Exterior Brick, Vinyl Siding
Air Conditioning Other
Family Room Y
Fireplace/Stove Y
Pool None
Basement Crawl Space, Part Bsmt
Drive Private
Garage Spaces 0.0
Garage Type None
Parking Spaces 10
Total Parking Spaces 10.0
Heat Source Other
Heat Type Other
Sewers Sewers
Water Municipal
Zoning R3
Seller Property Info Statement N
Bathrooms
Pieces Level
4Upper
4Main
3Main

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