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798-812 Dundas Street London, Ontario N5W 2Z7

36946.8 sqft
Fully Air Conditioned Forced Air

$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. The proposed site plan, complete with city feedback, outlines the possibility of two 6-storey buildings, reflecting the exciting vision for 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 cashflow while awaiting redevelopment. **** EXTRAS **** See Brochure package in documents for site details. Documents also include proposed site plan and elevation drawings (id:18082)

Property Details

MLS® Number X8139764
Property Type Retail
AmenitiesNearBy Public Transit, Recreation

Building

CoolingType Fully Air Conditioned
HeatingFuel Natural Gas
HeatingType Forced Air
SizeExterior 36946.8 Sqft
SizeInterior 36946.8 Sqft
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Public Transit, Recreation
SizeDepth 204 Ft
SizeFrontage 166 Ft
SizeIrregular Bldg=166.25 X 204.23 Ft
SizeTotalText Bldg=166.25 X 204.23 Ft
ZoningDescription Bdc(19), D250, H46

https://www.realtor.ca/real-estate/26618652/798-812-dundas-street-london

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