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    For Sale - 29 King Street, North Dundas, Ontario

    Est payment $2,108/mo
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    Views   1
    Time on Jump  1 days

    AI Summary *

    • Investment property in waterfront district generating reliable monthly income.
    • Two fully occupied residential apartments with potential for increased revenue.
    • Vacant units offer opportunity for higher returns with minimal costs.
    • Permissive zoning supports future development of up to 12 apartment units.
    • Ideal for investors looking for cash flow and redevelopment potential.




    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.
    Listing IDX13850860
    Address29 King Street
    CityNorth Dundas, Ontario
    Price$439,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Forced Air Open

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    Listing Brokerage: COLDWELL BANKER FIRST OTTAWA REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    29 King Street
    North Dundas , Ontario
    $439,000
    Get more info