$439,000
Available - For Sale
Listing ID: X13850860
29 King Street , North Dundas, K0C 1H0, Stormont, Dundas
| Waterfront 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. |
| Price | $439,000 |
| Taxes: | $6643.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 29 King Street , North Dundas, K0C 1H0, Stormont, Dundas |
| Postal Code: | K0C 1H0 |
| Province/State: | Stormont, Dundas |
| Legal Description: | PT LT 23, 26 BLK F N/S NATION RIVER PL 3 |
| Directions/Cross Streets: | County Road 11 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Category: | Retail |
| Building Percentage: | T |
| Total Area: | 4100.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Partial |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| COLDWELL BANKER FIRST OTTAWA REALTY |
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Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Stormont, Dundas and Glengarry |
| Municipality: | North Dundas |
| Neighbourhood: | 705 - Chesterville |
| Tax: | $6,643 |
| Fireplace: | N |
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