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. (id:47423)
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Detailed Information
Lot
78 x 150 ft
Amenities Nearby
Public Transit
Farm Type
Other
Features
Irregular lot size
Listing Contract Date
2024-10-09
Location Description
Located On Dundas Street between Egerton Street and Kellogg Lane
Property Type
Retail
Transaction Type
For sale
Zoning Description
BDC(47)
Building
Cooling Type
Fully air conditioned
Heating Fuel
Natural gas
Heating Type
Other
Utility Water
Municipal water
Land
Total Size
78 x 150 FT ; Street
Amenities
Public Transit
Size of Irregular Land
78 x 150 FT ; Street
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