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$1,299,900
Status: For Sale
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.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X9391357 |
| Listing Type | :Sale |
| Property Age | :New |
| Possession Date | : |
| Last Updated | :14 Oct, 2024 (2 Days ago) |
| Source | :TRREB |
| Area | :Middlesex |
|---|---|
| Postal Code | : N5W 3A4 |
| Price | : $1,299,900 |
|---|---|
| Property Taxes | :$6646.02 |
| Tax Year | :2024 |
|---|
| Cross Street | :Located On Dundas Street between Egerton Street and Kellogg Lane |
|---|
10 Oct, 2024
TREB #X9391357
Available
$1299900.0
