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$ 3,450,000
Est. payment /mo
New
392 Second ST Strathroy-caradoc, ON N7G 3H8
1 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $3,450,000
Subdivision Ne
MLS Listing ID X13859276
Annual Tax Amount $5,739
Tax Year 2025
Property Sub-Type Land
Property Description
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.
Location
Province ON
County Middlesex
Area Middlesex
Zoning R3-14-H2
Exterior
Community Features Major Highway, Recreation/Community Centre
Utilities Available Yes
Building
Lot Description Lot
Lited by RIGHT AT HOME REALTY
NEARBY SCHOOLS & PROPERTIES
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