| An exceptional opportunity for builders, developers, or investors to acquire a 1.62-acre residential lot in Strathroy-Caradoc now zoned R3-14-H2. The property has a recently approved minor variance for a 3-storey, 63-unit residential building, plus a conditional draft site plan agreement and architectural drawings for a 3 storey 48 unit residential building, which can shorten the path to construction. In the meantime, the property generates income from an existing 2,000 sq. ft. ranch-style bungalow, currently tenanted. This is a rare property in a growing Southwestern Ontario market, about 35 km west of London with convenient access to Highway 402, directly across from Strathroy District Collegiate Institute, Holy Cross Catholic Secondary School and Gemini Sportsplex. |
| Price | $3,450,000 |
| Taxes: | $5739.17 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 392 Second Street , Strathroy-Caradoc, N7G 3H8, Middlesex |
| Postal Code: | N7G 3H8 |
| Province/State: | Middlesex |
| Legal Description: | PT LT 25, CON 3, SER , PART 1 , 33R6710 |
| Directions/Cross Streets: | Second St./Adair Blvd. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Category: | Designated |
| Use: | Residential |
| Total Area: | 1.62 |
| Total Area Code: | Acres |
| Area Influences: | Major Highway Recreation/Comm |
| Washrooms: | 0 |
| Sewers: | None |
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RIGHT AT HOME REALTY |
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| Book Showing | Email a Friend |
| Type: | Com - Land |
| Area: | Middlesex |
| Municipality: | Strathroy-Caradoc |
| Neighbourhood: | NE |
| Tax: | $5,739.17 |
| Fireplace: | N |