64 High Street W, Strathroy-Caradoc (SW), Ontario N7G 1G8 (27600268)


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64 High Street W Strathroy-Caradoc, Ontario N7G 1G8

1 Bathroom 17125 sqft
Hot Water Radiator Heat

$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:60297)

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

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