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.
Overview
Property ID:
X12346846
Type:
Multiplex
Bedrooms:
10
Bathrooms:
1
Square:
2,250 m²
Price:
$999,990
PropertyType:
Residential Freehold
TransactionType:
For Sale
BuildingAreaUnits:
Square Feet
Cooling:
Window Unit(s)
Heating:
Radiant
ParkingFeatures:
Attached
YearBuilt:
Unknown
TaxAnnualAmount:
10170.7
PossessionDetails:
Immediate
Map
-
AddressLondon East
Contact Agency
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