29 King Street North Dundas, Ontario K0C 1H0
$439,000
Investment & Redevelopment Opportunity in Chesterville's charming waterfront district, this versatile multi-tenant property offers immediate, reliable cash flow paired with exceptional value-add upside. Whether you are looking to hold for strong ongoing yield or build out a landmark high-density footprint, this site provides the perfect balance of income and opportunity. Financial Highlights & Income Potential: In-Place Revenue: Currently generating $2,800/month ($33,600/year) from two fully occupied residential apartments ($2,000/mo combined) and an established chip truck lease ($800/mo). Pro Forma Gross Income: Lease up the remaining vacant spaces to drive gross revenue to $5,300/month ($63,600/year) -nearly doubling your current income with minimal immediate capital expenditure: Residential (4 Units Total): 2 occupied units + 2 vacant units ($1,000/mo each pro forma).Commercial (2 Spaces Total): 1 leased chip truck spot + 1 vacant commercial unit ($1,500/mo pro forma). Development & Value-Add Upside Near-Term Strategy: Immediate cash flow covers holding costs while you lease up vacant units or plan your future development. Assembly & Zoning Scale: Permissive GM (General Mixed-Use) zoning supports a 10-12 unit apartment building on this single lot. A rare find for income-focused buyers, developers, and land-assembly investors alike. Schedule your private showing today to unlock this site's full potential! HST is only applicable to the Commercial part of this property which is approx 25% of the entire property. (id:44758)
房源概要
| MLS® Number | X13850860 |
| 房源类型 | 商业物业 |
| 社区名字 | 705 - Chesterville |
详 情
| 空调 | Partially Air Conditioned |
| 供暖方式 | 天然气 |
| 供暖类型 | 压力热风 |
| Size Exterior | 4100 Sqft |
| 内部尺寸 | 4100 Sqft |
| 设备间 | 市政供水 |
土地
| 英亩数 | 有 |
| 土地深度 | 82 Ft ,5 In |
| 土地宽度 | 71 Ft ,9 In |
| 不规则大小 | 4100 |
| Size Total | 4100 Ac |
| 规划描述 | Gm |
https://www.realtor.ca/real-estate/30351957/29-king-street-north-dundas-705-chesterville
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Ottawa Real Estate Board
Coldwell Banker First Ottawa Realty
October 03 2026 05:52:56
