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36 Wethered Street
homes for sale · London East · East C
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$1,049,000

36 Wethered Street

East C, London East · MLS® X14086802

594 sq ft · 594 sq ft lot · Land · Vacant Land · 8 days on market

listed by JOSEPH POOKOMBIL, RIGHT AT HOME REALTY

realtor's description

OUTSTANDING SHOVEL-READY DEVELOPMENT OPPORTUNITY! (LOT FRONT-80, DEPTH - 216.50 FEET)An exceptional opportunity to acquire a fully zoned and Site Plan Approved 8-unit residential development in a highly desirable location, approximately one block from Fanshawe College. The approved development consists of two 2-storey semi-detached dwellings containing a total of 4 residential units, plus one 2-storey cluster townhouse development containing 4 residential units, for a total of 8 residential units and 12 on-site parking spaces. Major planning approvals are already secured, significantly reducing entitlement risk and allowing the successful purchaser to move efficiently toward construction while saving valuable time and pre-development costs. The location is ideally suited for student housing and rental investment, with Fanshawe College approximately one block away and a bus stop conveniently located at the property. The property is also directly across from Tim Hortons, Finch Nissan and other amenities, providing excellent convenience for future residents. Enjoy easy access to major highways, shopping centres, schools, recreational and sports facilities, public transit and numerous other amenities. A rare opportunity to acquire a development-ready, income-oriented residential project in a strategic location near Fanshawe College. An excellent option for builders, developers and investors seeking an approved project with significant time and entitlement savings.

property details

type
Land, Vacant Land
living area
594 sq ft
lot
594 sq ft
parking
0
property tax
$4,174 / yr
days on market
8
MLS®
X14086802

monthly cost

$4,918/mo
Mortgage $4,570 · Tax $348

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$4,570/ monthly
loan $839,200
25-year amortization
total interest
$531,918
cash to close
$209,800
down payment; transfer tax and fees not included
total paid
$1,371,118

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

East C, London EastGoogle Maps ↗

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
JOSEPH POOKOMBIL
RIGHT AT HOME REALTY
call JOSEPH · 226-582-1362
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location

East C, London EastGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

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