$ 1,299,990
64 High ST W Strathroy-caradoc, ON N7G 1G8
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,299,990
Est. payment /mo
Active
64 High ST W Strathroy-caradoc, ON N7G 1G8
1 Bath
17,125 SqFt
UPDATED:
10/31/2024 12:36 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 17,125 sqft
Price per Sqft $75
MLS Listing ID X9770327
Annual Tax Amount $11,675
Tax Year 2023
Property Description
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.
Location
Province ON
County Middlesex
Area Sw
Rooms
Kitchen 7
Interior
Cooling No
Exterior
Garage Spaces 10.0
Utilities Available Yes
Listed by KELLER WILLIAMS LIFESTYLES
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