29 King Street, North Dundas - Business for Sale
29 King Street, North Dundas, Ontario, K0C1H0
This business in North Dundas is for sale offering roughly 4,100 sq ft of space. It has been on the market 36 days, fresher than the North Dundas average of 95 days.
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. (id:66096)
Property Details
- MLS®
- X13850860
- Property Type
- Business
- Zoning
- GM
- Interior Size
- 4,100 ft²
- Lot Size
- 4,100 sq ft
- Frontage
- 72 ft
- Building Area
- 4,100 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Partially air conditioned
- Property Tax
- $6,643/yr
- Listed
- 36 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 36 days on market, against an average age of 95 days across the listings currently for sale in this city
This business in North Dundas has been listed for 36 days, which is 59 days fresher than the city average of 95. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K0C)
This home lists at $439,000, about 5.2× the local median household income of $84,000.
Carrying it typically needs a household income of about $85,752 (20% down, 25-yr amortization, stress-tested) — roughly 2% above the area median.
- Median household income
- $84,000
- Population
- 52,838
- Median age
- 48.4
- Owner / renter
- 82% / 18%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA K0C)
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$439,000
North Dundas