778-780 Dundas Street S, London, Ontario N5W 2Z7

Listed for:
$499,900
0 beds
0 baths
Listed 61 days ago
778-780 Dundas Street S, London, Ontario N5W 2Z7

View all 30 photos

Learn more about this property
Listing provided by:
RARE REAL ESTATE
MLS® number:
X11948065
Agent:
Nirun Sivananthan
*Indicates required field
Name is required
Email is required

About

Dundas St & English St FULLY VACANT, Mixed-Use, 2-Storey Brick, Commercial/Residential Building in London's Old East Village. BDC Zoning allowing plenty of uses. Excellent opportunity to invest in the future of a revitalized downtown London. Currently containing 2 VACANT commercial units (street level) previous office area, board room, 2-pc washroom, as well as a previous barbershop with open retail area, small office, and 2-pc washroom. Also 4 residential units (first and second levels), one (1) x bachelor and three (3) x 2-bedroom apartments, and an unfinished basement for storage and mechanical area. Approximately 3500 sqft on a massive 33 x 203 ft lot in Downtown London with a total of 6,729 sqft. This site has been approved by the City for the up to SIX (6) residential units. The Four (4) current residential units have been gutted and ready for full renovation to force appreciation. City of London has also deemed this site as eligible for the financial incentives for the redevelopment of Old East Village including the following: Facade Improvement Loan, Upgrade to Building Code Loan, Rehab & Redevelopment Tax Grant, and the Combined Tax Grant & Residential Development Charges Grant. Fantastic opportunity to buy and hold or immediately get to work and take advantage of the City of London's financial incentives to achieve the highest and best use with room to renovate 2 commercial retail/office space and a full renovation of the existing and additional residential units. Such a lot size within the City is also unique and rare for future development opportunities. Positioned for maximum visibility, accessibility, and character, this property enjoys a highly convenient location near Downtown, shopping districts, public transit hubs, the Western Fair District, and offers swift access to Highway 401. Fully Vacant and ready to close. (id:27476)

Property Highlights

MLS® Number
X11948065
Type
Retail
Community Name
East G
Land Size
Bldg=33.19 x 204.14 FT

Building

Square Footage
3485 sqft
Amenities
Public Transit, Recreation
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Other
Heating Fuel
Natural gas
Building Cooling Type
Partially air conditioned

Utilities

Water
Municipal water

Location

Street Spotlight - For sale