5 Beds 4 Bath

714 Dundas Street, London East, ON N5W 2Z4

London East N5W 2Z4 Ontario

MLS: X12346774

$699,990

Added 25 days ago | For Sale

Listed by: THE AGENCY REAL ESTATE

About Property

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.

Features

  • House Style:Fourplex
  • Bathrooms:4
  • Land Size: 37.79 X 144.34
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:DUNDAS STREET AND ELIZABETH
  • Basement:None , None
  • Possession Date:Immediate
  • Annual Property taxes: $3225
  • Bedrooms:5
  • Total Parking Spaces:10
  • Parking Places:10
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:X12346774

About Agent
Get in Touch

By proceeding, you consent to receive calls and texts at the number you provided.

Powered by AgentEdge Inc

Terms & Conditions Privacy Policy

© Copyright All Rights Reserved.