| Message Number | 430067 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| status | Active | ||||||||
| Subject Line | London (2.5 HR. to Toronto) - PLAZA - $4.5M - Income property - 8% cap rate!!! + development potential
|
||||||||
| Business area |
|
||||||||
| Have/Want | Have | ||||||||
| Business category | Shopping Centres/Strip Plazas/Retail | ||||||||
| Date of Listing | November 4 2024 | ||||||||
| Price | $4,500,000.00 | ||||||||
| 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 |
||||||||
| Internet Links | |||||||||
| Member Identifier | 11912 | ||||||||
| Control | Regular Client | ||||||||
| Name | Ali Hamidi-Osgouei | ||||||||
| 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 |
For The Public, buyers and sellers.
For Real Estate Brokers and Salespeople
Global Real Estate Networking Provided By The ICIWorld Association of Real Estate Brokers and Salespeople. Established 1994. Mailing Address: 18 King St. E., Suite 1400, Toronto, Ontario M5C 1C4 Canada 416-777-2633. Orlando, Florida, USA 954-317-2327