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$ 999,990
Est. payment /mo
New
720 Dundas ST London East, ON N5W 2Z4
10 Beds
1 Bath
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision East G
MLS Listing ID X12346846
Style 2-Storey
Bedrooms 10
Annual Tax Amount $10,170
Tax Year 2025
Property Sub-Type Multiplex
Property Description
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.
Location
Province ON
County Middlesex
Community East G
Area Middlesex
Rooms
Family Room No
Basement None
Kitchen 8
Interior
Interior Features None
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Parking Features Available
Garage Spaces 2.0
Pool None
Roof Type Other
Lot Frontage 37.6
Lot Depth 144.2
Total Parking Spaces 4
Building
Foundation Other
Listed by THE AGENCY REAL ESTATE