530 DINGMAN Drive, London South

$12,000,000
530 DINGMAN Drive

$12,000,000

Price Change
1215d
Land

530 DINGMAN Drive, London South

Total Monthly Obligation $48,879

Beds
0
Baths
0
Park
0
DOM
1215d
Property Type-Land
MLS® Number-X8259444
Beds-0
Lot Size-66.75 Acres
Listed on site-Jun 26, 2023
Building Type-Land
Taxes-$1,189.74 (2022)
Parking-Unknown
Brokerage-OAK AND KEY REAL ESTATE BROKERAGE, INC.
Fireplace-No
Pool-None
Roof-Unknown
Sewer-None
Possession-Flexible
Neighbourhood-South BB
Title-Commercial

No agent assigned

Rare opportunity to purchase over 66 acres within City of London limits. Ideally located a short distance from 401 access and the Summerside neighborhood, the potential for future development is high. Roughly 15 minutes from the Amazon, and newly announced Volkswagen plants. The property consists of lush high-quality bush, that would make for an excellent building site. A portion of land is currently being farmed. Property is to be purchased with PART LOT 3, CONCESSION 3 AS IN 641663 TOWN OF WESTMINSTER; ROLL 393608001014900 PIN 081960009.

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Closing Costs

Mortgage Amount
$9,600,000
Land Transfer Taxes$286,475
Legal Fees (Est.)
$
Total cash required for closing$2,687,975

Total Monthly Obligation

$48,879/mo
Mortgage $48,405
Monthly Loss $36,141
Principal$12,738
Interest$35,667
Property Tax$99
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 530 DINGMAN Drive

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