Property Details
64 HIGH STREET W, Strathroy-Caradoc (SW), Ontario, N7G1G8
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:2471)
- Property Address: 64 HIGH STREET W, Strathroy-Caradoc (SW), Ontario, N7G1G8
- Community Name: SW
- Property Type: Multi-family
- Zoning Description: R3
- Lot Size: 130 x 130 FT
- Acreage: 130 x 130 FT
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Total Parking Spaces: 10
- Structure Style: Other
- Storeys: 2
- Bathrooms: 7-Total
- Basement Type: Partial
- Exterior Type: Vinyl siding, Brick
- Fireplace Present: True
- Foundation Type: Brick, Concrete
Listing Office: KELLER WILLIAMS LIFESTYLES
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