29 King Street,North Dundas, ON K0C 1H0
North Dundas, ON K0C 1H0
Description
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.
Details
| MLS # | X13850860 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Extension |
| Year | 0 |
| Days On Site | 33 |
| Listing Provided By | COLDWELL BANKER FIRST OTTAWA REALTY | Stephanie Mols |
Features
| SQ Feet | 4,100 |
|---|---|
| Zoning | GM |
| Acreage | 0.09 |
Interior
| Cooling | Partial |
|---|
Utilities
| Utilities | Yes |
|---|
Taxes
| Tax Annual Amount | 6643 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | PT LT 23, 26 BLK F N/S NATION RIVER PL 35 AS IN DR47532 EXCEPT PT 1, 8R2575 T/W DR47532; NORTH DUNDAS |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Stormont, Dundas and Glengarry |
| City | North Dundas |
| Postal Code | K0C 1H0 |
| Area | 705 Chesterville |
| Listing VS Median (in K0C 1H0) | |
Price: $439,000 low | high Med: $769,500 sqft: 4,100 low | high Med: 6,050 $ / sqft: $107 low | high Med: $122 On site: 33 low | high Med: 73 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Stormont, Dundas and Glengarry |
| City | North Dundas |
| Postal Code | K0C 1H0 |
| Area | 705 Chesterville |
| Listing VS Median (in K0C 1H0) | |
Price: $439,000 low | high Med: $769,500 sqft: 4,100 low | high Med: 6,050 $ / sqft: $107 low | high Med: $122 On site: 33 low | high Med: 73 | |
