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In-PersonVirtual Tour
$ 1,499,900
Est. payment | /mo
22,593 SqFt
$ 1,499,900
Est. payment | /mo
22,593 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 22,593 sqft
Price per Sqft $66
Subdivision South Y
MLS Listing ID X11972664
Annual Tax Amount $5,317
Tax Year 2024
Property Sub-Type Land
Property Description
Unlock the potential of this exceptional development site in one of South Londons most sought-after locations. Both properties at 1055 Dearness and 1047 Dearness must be sold together and combined these have a Zoning in place for a 6-storey, 55-unit residential building on these two lots. This property offers a rare turnkey development opportunity Hundreds of thousands spent with zoning approvals in place saving developers time and costs. Possibility of adding additional units (subject to Municipality/Zoning approval). This prime site is located just steps from White Oaks Mall, major retail stores, restaurants, transit, easy access to Highway 401, Hospitals, schools, medical clinics, pharmacies etc., ensures strong tenant demand and long-term investment value. With zoning already secured, the flexibility remains for you to tailor the project to your vision. Don't miss out on this shovel-ready opportunity in a high-growth area. Seize the chance to build in one of London's top investment corridors!
Location
Province ON
County Middlesex
Community South Y
Area Middlesex
Exterior
Utilities Available Yes
Lot Frontage 120.0
Lot Depth 194.0
Listed by STREETCITY REALTY INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN