$388.96 Per Sq Foot $16,078 est/mo Sourced by Back At You

798-812 Dundas Street,London, ON N5W 2Z7

London ON, N5W 2Z7

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Description

Investment opportunity in the heart of East London's bustling commercial district. Positioned east of downtown, this prime redevelopment site offers the potential for high-rise apartment buildings. Boasting close proximity to an array of locally-owned shops, eclectic restaurants, and cultural landmarks, including the iconic Aeolian Hall, London Police Station, and Western Fair District. The proposed site plan, complete with city feedback, outlines the possibility of two 6-storey buildings, reflecting the exciting vision for the development. Current zoning density allows for up to 250 units per hectare, with the opportunity for further density increases through a zoning amendment. Recent changes eliminating parking requirements for new residential developments along Dundas Street streamline the process, enhancing the project's feasibility. Phase 2 environmental assessment completed. Currently leased to two tenants, the property offers immediate rental income, providing a steady cash flow while awaiting redevelopment. Don't miss the chance to shape the skyline of East London and unlock the full potential of this premier redevelopment site. Contact us today to schedule a viewing or discuss further details, and let's turn your vision into reality.

Details

MLS#40553500
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site72
Listing Provided ByCENTURY 21 FIRST CANADIAN CORP., BROKERAGE | Jenny Drygas

Features

SQ Feet7,700
BasementY
Story(s)2
ZoningBDC(19),D250,H46
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 5 minutes ago
ProvinceON
CountyMiddlesex
CityLondon
Postal CodeN5W 2Z7
AreaEast
SubareaEast G
Community NameEast G
Listing VS Median (in East G)
Price:
$2,995,000
low | high
Med:
$539,900
100% of Average
SqFt:
7,700
low | high
Med:
1,136
100% of Average
$ / SqFt:
$389
low | high
Med:
$532
13.256276273232% of Average
On Site:
72
low | high
Med:
26.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 6:30:11 PM PDT