798-812 Dundas Street London, Ontario N5W 2Z7
$2,995,000
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. The proposed site plan, complete with city feedback, outlines the possibility of two 6-storey buildings, reflecting the exciting vision for 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 cashflow while awaiting redevelopment. **** EXTRAS **** See Brochure package in documents for site details. Documents also include proposed site plan and elevation drawings (id:46638)
Property Details
| MLS® Number | X8139764 |
| Property Type | Retail |
| AmenitiesNearBy | Public Transit, Recreation |
Building
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeExterior | 36946.8 Sqft |
| SizeInterior | 36946.8 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit, Recreation |
| SizeDepth | 204 Ft ,2 In |
| SizeFrontage | 166 Ft ,3 In |
| SizeIrregular | Bldg=166.25 X 204.23 Ft |
| SizeTotalText | Bldg=166.25 X 204.23 Ft |
| ZoningDescription | Bdc(19), D250, H46 |
https://www.realtor.ca/real-estate/26618652/798-812-dundas-street-london
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September 03 2024 11:30:33
London and St. Thomas Association of REALTORS®
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