Quick Summary
Quick Summary
- Rare investment opportunity in vibrant Strathroy
- Proposed 24-unit apartment building with diverse units
- Strategically located near essential amenities
- Existing 7-plex with great tenant profile
- Smooth review process for draft plans
- Optimistic expectations for minor variance approval
- Substantial development potential in Strathroy
- Opportunity to buy and hold with upside
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... Show More
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:54626)
Property Details
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For Sale Nearby
Sold Nearby
- 1,100 - 1,500 Sq. Ft.
- 4
- 2
- 3
- 3
- 3
- 1
- 1,500 - 2,000 Sq. Ft.
- 3
- 2
- 4
- 2
- 3
- 2
- 3
- 2
- 2,000 - 2,500 Sq. Ft.
- 5
- 4
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