For Sale

1033 Dundas Street, London, Ontario N5W3A4

$1,299,900

1033 Dundas Street, London, Ontario N5W3A4 is For Sale and has a listing price of 1,299,900. The property is located in the East London neighbourhood. It's been on the website for 36 Days.

  • Retail
    Property Type
  • MLS ID: X9391357
  • Office Name CENTURY 21 FIRST CANADIAN CORP
Property Description

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. (id:43137)

Property Details
  • MLS ID: X9391357
  • Price: $1,299,900
  • Transaction Types: For Sale
  • Ref ID: 27528093
  • Year Built: N/A
  • Property Type: Retail
  • Property Type: Commercial
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
10/09/2024 X9391357 $1,299,900 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
East London
  • $624,843 Average List Price
    based on 1 year
  • 34 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 1.66 % Up
  • Sold (12mo) 70
  • Rented (12mo) 14

  • 1 Month Change +0.8%
  • 3 Month Change +20.5%
  • 6 Month Change -10.9%
Walkscore
  • 77 Walk Score
    Very Walkable
  • 50 Transit Score
    Good Transit
  • 70 Bike Score
    Very Bikeable
Property Type Distribution
  • All Houses
    78.69%
  • Commercial
    19.24%
  • Condo
    1.96%
  • Land for Sale
    0.12%
Additional Details
  • Heat Source Natural Gas
  • Heating System Other
  • Water Municipal Water
  • Cooling System Fully Air Conditioned
  • Property Features Irregular Lot Size
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Farm/Agriculture Other
  • Listing Entry Date: 09/10/2024 00:00:00
  • Zoning Y
  • Agent Name: JENNY DRYGAS
  • Last Updated: 14/10/2024 21:20:38
Open House Dates
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