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$8,200,000
Est. payment /mo
0.76 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision East K
MLS® Listing ID 40696572
Originating Board Cornerstone - Waterloo Region
Lot Size 0.760 Acres
Acres 33105.6
Property Sub-Type Freehold
Property Description
Rare SoHo Development Opportunity - Perfect for Investors & Developers. 12-Storey 219-Unit apartment building in a mix of modern suite configurations with spectacular views, green roof spaces & indoor/outdoor amenity areas. This 2 parcel amalgamation (currently with a 23 UNIT building + a 4 UNIT building) is exceptional. Its located across the road form park lands, adjacent to the river & is set within Londons SoHo District. Londons Community Improvement Plan for the SoHo district is a strategic initiative designed to foster development of the neighbourhood streets, shopping areas & connections to the Downtown, Old South and Thames River. Public infrastructure investment & the facilitation of private development is paramount to the mandate of this Community Improvement Plan. Worthy of consideration is the conduciveness of the site to potential funding options from various levels of government (Development Charges Exception/Dollars to Doors/Urban Accelerator Fund etc). In other words, this parcel is in the Goldilocks zone & you have a ground floor opportunity to make an excellent investment + the SELLER IS MOTIVATED!! (id:24570)
Location
State ON
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by PROMOVE REALTY BROKERAGE INC.