64 High Street W Strathroy-Caradoc, Ontario N7G 1G8
$1,299,990
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. (id:52600)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X9770327 |
| Property Type | Multi-family |
| Community Name | SW |
| ParkingSpaceTotal | 10 |
Building
| BathroomTotal | 1 |
| HeatingFuel | Natural Gas |
| HeatingType | Hot Water Radiator Heat |
| SizeExterior | 17125 Sqft |
| SizeInterior | 17125 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 130 Ft |
| SizeFrontage | 130 Ft |
| SizeIrregular | Bldg=130 X 130 Ft |
| SizeTotalText | Bldg=130 X 130 Ft |
| ZoningDescription | R3 |
https://www.realtor.ca/real-estate/27600268/64-high-street-w-strathroy-caradoc-sw-sw
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
October 31 2024 01:20:37
London and St. Thomas Association of REALTORS®
Keller Williams Lifestyles