Business For Sale · Land

1033 DUNDAS STREET, London East (East M)

1033 DUNDAS STREET, London East (East M), ON N5W3A4

$799,000 total

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Asset Class

Land

Size

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Building class

C

Zoning

AG — Agricultural

$ / SF

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Occupancy

91%

About this property

Situated in close proximity to 100 Kellogg Lane, this property presents an exceptional opportunity for investors, developers, and builders looking to capitalize on the continued revitalization of the Dundas Street corridor. Located on a fully serviced site, the property comes with full approval for a 4-storey mixed-use building consisting of 15 residential units and 1 commercial unit, offering the opportunity to begin construction immediately. Alternatively, an amendment is currently underway for a 3-storey design featuring approximately 1,500 sq. ft. of commercial space and seven two-bedroom apartments, including six desirable two-storey units with private entrances. The proposed design offers cost-efficient wood-frame construction, no common residential hallways, ample parking, and an attractive mix of residential and commercial uses. Whether proceeding with the fully approved 16-unit mixed-use project or pursuing the amended 3-storey design, this is a flexible, construction-ready opportunity ideally positioned to benefit from the ongoing transformation and growth of the Dundas Street corridor. (id:66811)

Financial sandbox

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Estimate
Purchase price$799K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$32K

Annual cash flow

$-13K

Cash-on-cash

-5.30%

DSCR

0.71

Going-in cap

3.95%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

43,199

Households

15,917

Median income

$110,500

Median age

44.6

Daytime population

45,500

5-yr growth

5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1033 DUNDAS STREET, London East (East M).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.