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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
State ON
County Middlesex
Community East G
Area Middlesex
Rooms
Family Room No
Basement None
Kitchen 8
Interior
Interior Features None
Cooling Window Unit(s)
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
Others
Senior Community Yes
Listed by THE AGENCY REAL ESTATE