778-780 Dundas Street,London, ON N5W 2Z7
London, ON N5W 2Z7
Description
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 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. Financing available.
Details
| MLS# | X12057111 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 27 |
| Listing Provided By | RARE REAL ESTATE | X12057111 384200 |
Features
| Bath(s) | 5 |
|---|---|
| SQ Feet | 3,485 |
| Acreage | 0.08 |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Middlesex |
| City | London |
| Postal Code | N5W 2Z7 |
| Area | East G |
| Listing VS Median (in N5W 2Z7) | |
Price: $449,900 low | high Med: $225,700 SqFt: 3,485 low | high Med: 1,968 $ / SqFt: $129 low | high Med: $66 On site: 27 low | high Med: 51.000000 | |
