| Message Number | 430067 |
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| status | Active |
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| Subject Line | London (2.5 HR. to Toronto) - PLAZA - $4.5M - Income property - 8% cap rate!!! + development potential
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| Business area | |
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| Have/Want | Have |
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| Business category | Shopping Centres/Strip Plazas/Retail |
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| Date of Listing | November 4 2024 |
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| Price | $4,500,000.00 |
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| Comments | London (2.5 HR. to Toronto) - PLAZA - $4.5M - Income property - 8% cap rate!!! + development potential
? Asking Price: $4.5M
? CAP Rate: 8%
? 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 |
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| Control | Regular Client |
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| Name | Ali Hamidi-Osgouei |
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| Title | P.Eng., M.Sc., REALTOR |
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| Company Name | HomeLife Cimerman Real Estate Ltd. Brokerage |
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| Address Line One | 28 Drewry Ave |
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| City | North York |
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| State/Province | Ontario |
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| Zip/Postal Code | M2M 1CB |
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| Country | Canada |
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| Business Phone Number | (416)836-9209 |
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| Cell Number | 416-836-9209 |
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| Email Address | Send Email |
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