798-812 Dundas Street London, Ontario - MLS#: X8139764
$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:51158)
MLS: X8139764 For sale : 798-812 DUNDAS ST 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:51158)
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Property Details
| MLS® Number | X8139764 |
| Property Type | Retail |
| Amenities Near By | Public Transit, Recreation |
About 798-812 Dundas Street, London, Ontario
Building
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 36946.8 Sqft |
| Size Interior | 36946.8 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit, Recreation |
| Size Irregular | Bldg=166.25 X 204.23 Ft |
| Size Total Text | Bldg=166.25 X 204.23 Ft |
https://www.realtor.ca/real-estate/26618652/798-812-dundas-street-london
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May 14 2024 05:13:52
Toronto Real Estate Board
Century 21 First Canadian Corp., Brokerage