CENTURY 21 First Canadian Corp. Brokerage
*Each office is Independently Owned & Operated
420 York Street, London, ON N6B1R1
adeel.bhatti@century21.ca
Direct: 226.456.1749
Office: 519.673.3390
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- X9391357
- Bus Major:
- Residential
- Photos (7)
- Schedule / Email
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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
- Property Sub Type:
- Land
- Freestanding:
- Yes
- Approx. Age:
- New
- Total Area:
- 11700 sq. ft. Square Feet
- Total Area:
- 11,700 sq. ft.
- Retail Area:
- 1200 sq. ft. Sq Ft
- Depth:
- 150'
- Frontage:
- 78'
- Lot Shape:
- Irregular
- Water supply:
- Municipal
- Soil Test:
- Envirnonmental Audit
- Zoning:
- BDC(47)
- Heating type:
- Gas Forced Air Open
- Garage:
- None
- Possession Details:
- Flexible
- Lot Irregularities:
- Street
- HST Applicable To Sale Price:
- Included
- Type Taxes:
- Annual
- Taxes:
- $6,646.02 / 2024
- Assessment:
- $- / -
- London
- East M
- Middlesex
- Public Transit
- No
- No
- UFFI:
- No
- Utilities:
- Available
- Sewers:
- Storm
- Air Conditioning:
- Yes
- Seller Property Info Statement:
- No
- Financial Statements:
- No
- Major Business Type:
- Residential
- Category:
- Designated
- Franchise:
- No
- Chattels:
- No
- Date Listed:
- Oct 10, 2024
- Original Price:
- $1,299,900
- Previous Price:
- $1,299,900
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Listed by CENTURY 21 FIRST CANADIAN CORP
Data was last updated April 6, 2025 at 11:15 PM (UTC)
- ADEEL BHATTI
- CENTURY 21 FIRST CANADIAN CORP., BROKERAGE, INDEPENDENTLY OWNED
- 1 (226) 4561749
- Contact by Email
