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435 Nelson Street Image 1

$8,200,000

$9,990,000
17.9% dropped

Last price change Feb 17

Feb 8Investment For Sale
bedroomsbed
washrooms0bath
MLS - #X11963318

435 Nelson Street, London East, ON N6B 1A6

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Average Price
820000000.0%
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Price Comparison

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Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

N/A

About 435 Nelson Street

Rare SoHo Development Opportunity - Perfect for Investors & Developers. 12-Storey 219-Unit apartment building in a mix of modern suite configurations with spectacular views, green roof spaces & indoor/outdoor amenity areas. This opportunity would entail a 2 parcel amalgamation (with a 23 UNIT building + a 4 UNIT building). It's located across the road form park lands, adjacent to the river & is set within Londons SoHo District. Londons Community Improvement Plan for the SoHo district is a strategic initiative designed to foster development of the neighbourhood streets, shopping areas & connections to the Downtown, Old South and Thames River. Public infrastructure investment & the facilitation of private development is paramount to the mandate of this Community Improvement Plan. Worthy of consideration is the conduciveness of the site to potential funding options from various levels of government (Development Charges Exception/Dollars to Doors/Urban Accelerator Fund etc). In other words, this parcel is in the Goldilocks zone & you have a ground floor opportunity to make an excellent investment + the SELLER IS MOTIVATED!!

Home Overview

Last updated

Mar 7

Virtual tour

None

Basement information

Building size

164763

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

--

Listed by PROMOVE REALTY BROKERAGE INC.

Additional Details

Basement:N/A
Cooling:Yes
Heating:Other
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

Location

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Walk Score for 435 Nelson Street

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