29 King Street,North Dundas, ON K0C1H0
North Dundas, ON K0C1H0
Description
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:374)
Details
| MLS # | X13850860 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 21 |
| Listing Provided By | COLDWELL BANKER FIRST OTTAWA REALTY | Stephanie Mols |
Features
| SQ Feet | 4,100 |
|---|---|
| Zoning | GM |
| Acreage | 4100.00 |
Interior
| Cooling | Partially air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 6643 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | North Dundas |
| Postal Code | K0C1H0 |
| Listing VS Median (in K0C1H0) | |
Price: $439,000 low | high Med: $559,900 sqft: 4,100 low | high Med: 1,300 $ / sqft: $107 low | high Med: $439 On site: 21 low | high Med: 77 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| City | North Dundas |
| Postal Code | K0C1H0 |
| Listing VS Median (in K0C1H0) | |
Price: $439,000 low | high Med: $559,900 sqft: 4,100 low | high Med: 1,300 $ / sqft: $107 low | high Med: $439 On site: 21 low | high Med: 77 | |