29 King Street North Dundas, Ontario K0C 1H0
$439,000
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:55689)
Property Details
| MLS® Number | X13850860 |
| Property Type | Business |
| Community Name | 705 - Chesterville |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 4100 Sqft |
| Size Interior | 4,100 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | Yes |
| Size Depth | 82 Ft ,5 In |
| Size Frontage | 71 Ft ,9 In |
| Size Irregular | 4100 |
| Size Total | 4100 Ac |
| Size Total Text | 4100 Ac |
| Zoning Description | Gm |
https://www.realtor.ca/real-estate/30351957/29-king-street-north-dundas-705-chesterville
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October 03 2026 05:52:56
Ottawa Real Estate Board
Coldwell Banker First Ottawa Realty