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 archite...ctural 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.
Full Property Details
General
Business Type
Residential
Total Area
1.62 Acres
Sprinklers
-
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
Residential
Total Area
1.62 Acres
Sprinklers
-
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
0
Washrooms
0
Exterior
Depth
401.01
Front
175.44
Lot Size
175 x 401.01 ft
Parking Spaces
-
Total Parking Spaces
-
Garage Spaces
-
Zoning
R3-14-H2
Depth
401.01
Front
175.44
Lot Size
175 x 401.01 ft
Parking Spaces
-
Total Parking Spaces
-
Garage Spaces
-
Zoning
R3-14-H2
Building Description
Home Type
Commercial
Subtype
Land
Sewers
None
Water Supply
Municipal
Possession Date
11/1/2026
Home Type
Commercial
Subtype
Land
Sewers
None
Water Supply
Municipal
Possession Date
11/1/2026
Community
Community
NE
Community
NE
Taxes & Fees
Taxes
$5,739.17 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$5,739.17 /yr
Tax Year
2025
Occupancy
Tenant
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