$799,000
London East
1033 Dundas Street, London East (East M), Ontario, N5W3A4
This lot in London East is for sale offering roughly 11,754 sq ft of space.
Situated in close proximity to 100 Kellogg Lane, this property presents an exceptional opportunity for investors, developers, and builders looking to capitalize on the continued revitalization of the Dundas Street corridor. Located on a fully serviced site, the property comes with full approval for a 4-storey mixed-use building consisting of 15 residential units and 1 commercial unit, offering the opportunity to begin construction immediately. Alternatively, an amendment is currently underway for a 3-storey design featuring approximately 1,500 sq. ft. of commercial space and seven two-bedroom apartments, including six desirable two-storey units with private entrances. The proposed design offers cost-efficient wood-frame construction, no common residential hallways, ample parking, and an attractive mix of residential and commercial uses. Whether proceeding with the fully approved 16-unit mixed-use project or pursuing the amended 3-storey design, this is a flexible, construction-ready opportunity ideally positioned to benefit from the ongoing transformation and growth of the Dundas Street corridor. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 63 days on market, against an average age of 55 days across the listings currently for sale in this city
This vacant land in London East (East M) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $799,000, about 12.4× the local median household income of $64,500.
Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 142% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5W)
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