London East (east G), ON N5W2Z4,720 DUNDAS STREET
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720 DUNDAS STREET London East (east G), ON N5W2Z4

10 Beds

1 Bath

2,000 SqFt


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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $499

Subdivision East G

MLS® Listing ID X12346846

Bedrooms 10

Source London and St. Thomas Association of REALTORS®

Property Description

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:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Radiant heat

Cooling Window air conditioner

Exterior

Parking Features Yes

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Story 2

Sewer Sanitary sewer


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Listed by THE AGENCY REAL ESTATE
agent

Goldy Kang PREC*

Broker | License ID: 166131RTS

+1(604) 440-0112

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720 DUNDAS STREET