Space
Finished area and layout
- Building Area
- 4,100 sqft
- Bedrooms
- 3
- Bathrooms
- 3
+18 more
3
Bedrooms
3
Bathrooms
4,100 sqft
Building Area
71.8 x 82.45 ft
Lot
14
Parking
Property Snapshot
Key details for this listing
MLS #X13850860
Property
Type, style and structure
- Type
- commercial
- Style
- investment / Mixed Use
- Ownership
- Freehold
About This Property
This 3-bedroom, 3-bathroom investment in North Dundas offers 4,100 sqft of building area on a 71.8 x 82.45 ft lot. The property has lot dimensions of 4100, cross street County Rd 11 to King St in Chesterville., zoned GM. The home features partial.
MLS Remarks
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:60351)
Documents & Attachments
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