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:4069)
| Address |
798-812 DUNDAS STREET |
| List Price |
$2,995,000 |
| Property Type |
Retail |
| Area |
Ontario |
| Sub-Area |
London |
| Floor Area |
36,947 Sq. Ft. |
| Lot Size |
Bldg=166.25 x 204.23 FT Sq. Ft. |
| MLS® Number |
X8139764 |
| Listing Brokerage |
CENTURY 21 FIRST CANADIAN CORP
|
| Postal Code |
N5W2Z7 |
| Zoning |
BDC(19), D250, H46 |
| Site Influences |
Public Transit, Recreation |
