Mirna Botros
613-600-262629 King Street - $439,000
29 King Street - $439,000
29 King Street
$439,000
705 - Chesterville
North Dundas, OntarioK0C1H0
0 beds
0 baths
null parking
MLS#: X13850860Listed: about 2 hours agoUpdated:about 1 hour ago
Description
Waterfront 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:58075)Details
Details for 29 King Street, North Dundas, Ontario- Property Type
- Business
- Building Type
- -
- Storeys
- -
- Neighborhood
- 705 - Chesterville
- Land Size
- 4100
- Year Built
- -
- Annual Property Taxes
- $6,643
- Parking Type
- -
Inside
- Appliances
- -
- Rooms
- -
- Bedrooms
- -
- Bathrooms
- 0
- Fireplace
- -
- Fireplace Total
- -
- Basement
- -
Building
- Architecture Style
- -
- Direction
- Cross Streets: County Road 11. ** Directions: County Road 11 to King Street, Chesterville.
- Type of Dwelling
- -
- Roof
- -
- Exterior
- -
- Foundation
- -
- Flooring
- -
Land
- Sewer
- -
- Lot Size
- 4100
- Zoning
- -
- Zoning Description
- GM
Parking
- Features
- -
- Total Parking
- -
Utilities
- Cooling
- Partially air conditioned
- Heating
- Forced air, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 29 King Street, North Dundas, OntarioMap
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