Message Number | 429519 |
status | Active |
Subject Line | London (2.5 HR. to Toronto) - PLAZA - $5.9M - Income property - 6% cap rate!!! + development potential
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Business area | |
Have/Want | Have |
Business category | Shopping Centres/Strip Plazas/Retail Sites Commercial and Industrial Subdivision Potential/Condo Sites/Townhouse Sites/Building Lots |
Date of Listing | October 11 2024 |
Type Description | Shopping Centres/Stip Plaza/Retail/Development Potential |
Location | London |
Price | $5,900,000.00 |
Comments |
Asking Price: $5.9M
CAP Rate: 6%
NOI: $357K (with potential to increase)
Land Size: 1.3 Acres
Potential redevelopment could be student housing, rental buildings or Condo
Current Future Development Proposal Plan:
288 units (287 residential + 1 commercial)
Total building area of 288,256 sq. ft.
142 covered parking spots
18-storey tower with modern amenities
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Internet Links | All about London |
Control | Regular Client |
Name | Ali Hamidi-Osgouei, P.Eng., M.Sc. |
Title | P.Eng., M.Sc., REALTOR |
Company Name | HomeLife Cimerman Real Estate Ltd. Brokerage |
Address Line One | 28 Drewry Ave |
City | North York |
State/Province | Ontario |
Zip/Postal Code | M2M 1CB |
Country | Canada |
Business Phone Number | (416)836-9209 |
Cell Number | 416-836-9209 |
Email Address | Send Email |