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798-812 Dundas Street London, Ontario N5W 2Z7

$3,950,000

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:45615)

Property Details

MLS® Number 40553500
Property Type Office
Amenities Near By Public Transit, Schools
Communication Type High Speed Internet
Community Features High Traffic Area
Features Southern Exposure, Visual Exposure, Paved Driveway

Building

Basement Type Full
Construction Material Concrete Block, Concrete Walls
Exterior Finish Brick, Concrete, Metal, Stucco
Fire Protection Security System
Foundation Type Poured Concrete
Stories Total 2
Size Exterior 7700.0000
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 204 Ft
Size Frontage 166 Ft
Size Total Text 1/2 - 1.99 Acres
Zoning Description Bdc(19),d250,h46

Utilities

Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/26618306/798-812-dundas-street-london


JENNY DRYGAS
Salesperson

(519) 495-1422
CENTURY 21 FIRST CANADIAN CORP., BROKERAGE
420 York Street
London, Ontario N6B 1R1

(519) 673-3390
(519) 673-6789
firstcanadian.c21.ca/
facebook.com/C21First
instagram.com/c21first

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