720 Dundas Street, London East, Ontario N5W 2Z4

Listed for:
$919,999
10 beds
1 baths
Listed 53 days ago
Other for rent: 720 Dundas Street, London East, Ontario N5W 2Z4

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Learn more about this property
Listing provided by:
THE AGENCY REAL ESTATE
MLS® number:
X12346846
Agent:
Jeff Wybo
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About

Cross Streets: DUNDAS STREET AND ELIZABETH. ** Directions: DUNDAS AND ELIZABETH STREET. Cash cow or Development potential. Prime Investment Opportunity at 714 & 720 Dundas St, London, ON! These side-by-side lots, feature a 4-plex and an 8-plex, delivering a robust 7.37% cap rate with a Net Operating Income of $125,354. Perfect for investors seeking strong cash flow or developers eyeing redevelopment potential, these properties are strategically located on vibrant Dundas Street, a key corridor with access to City of London CIP grants, including Development Charge exemptions and Tax Increment Equivalent Grants. Zoned for potential high-density residential or mixed-use projects, the combined lots offer flexibility for immediate rental income or future development. Don't miss this rare chance to acquire a high-yield, value-add asset in a growing market contact us today for financials and development details! Properties must be sold together. (id:27476)

Property Highlights

MLS® Number
X12346846
Type
Multi-family
Community Name
East G
Land Size
37.6 x 144.2 FT ; 144.20 ft x 37.53 ft x 144.33 ft x 34.61
Parking Space Total
4

Building

Building Type
Other
Storeys
2.00
Square Footage
2000 - 2500 sqft
Bathrooms Total
1
Bedrooms Above Ground
10
Bedrooms Total
10
Exterior Finish
Aluminum siding, Brick
Fireplace Present
No
Basement Type
None
Basement Features
Building Heating Type
Radiant heat
Heating Fuel
Natural gas
Building Cooling Type
Window air conditioner

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location