798-812 Dundas Street London, Ontario N5W 2Z7
$2,995,000
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:38604)
Property Details
| MLS® Number | 40553500 |
| Property Type | Office |
| AmenitiesNearBy | Public Transit, Schools |
| CommunicationType | High Speed Internet |
| CommunityFeatures | High Traffic Area |
| Features | Southern Exposure, Visual Exposure, Paved Driveway |
Building
| BasementType | Full |
| ConstructionMaterial | Concrete Block, Concrete Walls |
| ExteriorFinish | Brick, Concrete, Metal, Stucco |
| FireProtection | Security System |
| FoundationType | Poured Concrete |
| StoriesTotal | 2 |
| SizeExterior | 7700.0000 |
| SizeInterior | 7700 |
| UtilityWater | Municipal Water |
Land
| AccessType | Road Access |
| Acreage | No |
| LandAmenities | Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeDepth | 204 Ft |
| SizeFrontage | 166 Ft |
| SizeTotalText | 1/2 - 1.99 Acres |
| ZoningDescription | 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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May 07 2024 06:40:16
London and St. Thomas Association of REALTORS®