228 Mcconnell St - Apartments FOR SALE


Exeter, ON N0M 1S3
$26,000,000 CAD
416-428-1989
228 Mcconnell St, Exeter, ON for Sale
$26,000,000 CAD
Apartments - FOR SALE
1/2
null | 6.64% Cap Rate

228 Mcconnell St
Exeter, ON N0M 1S3


HIGHLIGHTS

  • Retail amenities nearby
  • Access to highway
  • Ample parking
  • New construction building
  • Natural light exposure

OVERVIEW

Introducing a new property located in the heart of Southwestern Ontario, offering an ideal investment opportunity. This property consists of 64 units, including 22 one-bedroom, 36 two-bedroom, 4 three-bedroom apartments, and 2 commercial spaces. Each residential unit is equipped with a washer and dryer, the property is pet-friendly and features ample parking, making the property a desirable option for a wide range of tenants. Situated just an 8-minute drive from Exeter Golf & Country Club and a 4-minute drive to Morrison Dam Conservation, this location is perfect for those who appreciate outdoor activities. The property is also close to essential amenities, including Exeter Public School, South Huron District High School, South Huron Hospital, Seaforth Community Hospital, MacNaughton Park Scenic Gardens, and Ironwood Golf Club. Public transportation is accessible, with Huron Shore Area Transit providing bus services that connect to Sarnia, Grand Bend, and London. The nearest bus stop is less than a 20-minute walk away. Additionally, the property is conveniently located approximately 300 meters from the nearest grocery store, 840 meters from the nearest park, and less than 1.8 kilometers from the nearest school.

FOR SALE DETAILS

PRICE

$26,000,000 CAD

PRICE/SF

$371 CAD /SF

# OF UNITS

62

PRICE/UNIT

$419,355

CAP RATE

6.64%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Market Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2022

PARKING SPACES

104

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

Commercial & Residential

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Matt JohnstonCushman & WakefieldMore Info
416-428-1989

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Matt JohnstonCushman & WakefieldMore Info
416-428-1989

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.