Property Description for 720 DUNDAS STREET
Cash cow or Development potential. Prime Investment Opportunity at 714 & 720 Dundas St, London, ON! These side-by-side lots, feature a 4-plex and an 8-plex, delivering a robust 7.37% cap rate with a Net Operating Income of $125,354. Perfect for investors seeking strong cash flow or developers eyeing redevelopment potential, these properties are strategically located on vibrant Dundas Street, a key corridor with access to City of London CIP grants, including Development Charge exemptions and Tax Increment Equivalent Grants. Zoned for potential high-density residential or mixed-use projects, the combined lots offer flexibility for immediate rental income or future development. Don't miss this rare chance to acquire a high-yield, value-add asset in a growing market contact us today for financials and development details! Properties must be sold together. (id:38686)
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Property Details
Property Tax
: $10,171MLS® #
: X12346846
Home Features
Property Type
: MultiFamily
Interior Features
Heating
: Radiant heat, Natural gas
Utilities
Sewer
: Sanitary sewer
Other
Parking Features
: Attached Garage, GarageExterior Features
: Brick, Aluminum siding
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