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

7 Bathroom
Fireplace Other

$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:53488)

Property Details

MLS® Number X9354825
Property Type Multi-family
Community Name SW
ParkingSpaceTotal 10

Building

BathroomTotal 7
BasementType Partial
ExteriorFinish Vinyl Siding, Brick
FireplacePresent Yes
FoundationType Brick, Concrete
HeatingType Other
StoriesTotal 2
Type Other
UtilityWater Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
SizeDepth 130 Ft
SizeFrontage 130 Ft
SizeIrregular 130 X 130 Ft
SizeTotalText 130 X 130 Ft
ZoningDescription R3

https://www.realtor.ca/real-estate/27433902/64-high-street-w-strathroy-caradoc-sw-sw

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Daniel Kiekens
Salesperson


Keller Williams Lifestyles

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