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. (id:52373)
| MLS® Number | X12346846 |
| Property Type | Multi-family |
| Community Name | East G |
| Parking Space Total | 4 |
| Bathroom Total | 1 |
| Bedrooms Above Ground | 10 |
| Bedrooms Total | 10 |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Aluminum Siding, Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 2,000 - 2,500 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
| Attached Garage | |
| Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 144 Ft ,2 In |
| Size Frontage | 37 Ft ,7 In |
| Size Irregular | 37.6 X 144.2 Ft ; 144.20 Ft X 37.53 Ft X 144.33 Ft X 34.61 |
| Size Total Text | 37.6 X 144.2 Ft ; 144.20 Ft X 37.53 Ft X 144.33 Ft X 34.61 |
https://www.realtor.ca/real-estate/28738173/720-dundas-street-london-east-east-g-east-g
Contact us for more information
Jeff Wybo
Broker
(519) 472-0990
Mazen Joukhaji
Salesperson
(519) 472-0990
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