29 King Street, North Dundas, Ontario

About 29 King Street

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:6289)

More Info on this 705 - Chesterville MLS® listing

29 King Street is a listing for sale in North Dundas. The MLS® number is X13850860. It covers 4,100 square feet. It's currently listed for $439,000. For more details on MLS® X13850860, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This listing in 705 - Chesterville is available now!

Selling your 705 - Chesterville property?

Have a similar home to 29 King Street? If you’re thinking about selling your 705 - Chesterville property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your North Dundas property.

Listing Map