798-812 Dundas Street London, Ontario N5W 2Z7
$3,950,000
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, 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. (id:19173)
Property Details
| MLS® Number | 40553500 |
| Property Type | Office |
| Amenities Near By | Public Transit, Schools |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area |
| Features | Southern Exposure, Visual Exposure, Paved Driveway |
Building
| Basement Type | Full |
| Construction Material | Concrete Block, Concrete Walls |
| Exterior Finish | Brick, Concrete, Metal, Stucco |
| Fire Protection | Security System |
| Foundation Type | Poured Concrete |
| Stories Total | 2 |
| Size Exterior | 7700.0000 |
| Size Interior | 7700 |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 204 Ft |
| Size Frontage | 166 Ft |
| Size Total Text | 1/2 - 1.99 Acres |
| Zoning Description | Bdc(19),d250,h46 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/26618306/798-812-dundas-street-london
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April 10 2024 02:42:55
London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp., Brokerage