Unknown for 720 Dundas St, London East Ontario N5W 2Z4
11 hours on Market

720 Dundas St, London East, Ontario N5W 2Z4

Townhouse
10
1
~2000-2500 sqft
$999,990
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$5,000Cashback
Townhouse
10
1
~2000-2500 sqft

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Highlights

Property Estimate

Days on market11 hours

Estimated valueNot available

Price/Sqft$449/sqft

Monthly cost

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CMA Subject Property

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+2

Properties sold*

$498K

Median sold price*

*Based on last 30 days

Description

Cash cow or Development potential. Prime Investment Opportunity at 714 & 720 Dundas St, London, ON! These side-by-side lots, feature a 4-plex and an 8-plex, delivering a robust 7.37% cap rate with a Net Operating Income of $125,354. Perfect for investors seeking strong cash flow or developers eyeing redevelopment potential, these properties are strategically located on vibrant Dundas Street, a key corridor with access to City of London CIP grants, including Development Charge exemptions and Tax Increment Equivalent Grants. Zoned for potential high-density residential or mixed-use projects, the combined lots offer flexibility for immediate rental income or future development. Don't miss this rare chance to acquire a high-yield, value-add asset in a growing market contact us today for financials and development details! Properties must be sold together.


Property Details

Style2-Storey
View-
Age of property-
SqFt~2000-2500 SqFt
Lot Size5,421 SqFt(144.2 x 37.6)
Parking Spaces4
MLS ®NumberX12346846
Community NameEast London
Data SourceTRREB
Listing byTHE AGENCY REAL ESTATE

Features

Heating: Radiant
Cooling: Window Unit

Features

Lot size: 5,421 SqFt

Parking

Garage spaces 2

Garage type Attached

Other parking spaces 2

Total parking spaces 4


Market Data - East London

Geo Zone Map ThumbnailEast London

Strong Buyer's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

50 days

Compared to

2024

46 days

2023

0 day

New Listings

Past 30 days

8 listings

Compared to

2024

14 listings

2023

0 listing

Units sold

Past 30 days

2 units

Compared to

2024

2 units

2023

0 unit

Median Sold Price

Past 30 days

$577,600

Compared to

2024

$497,500


Population and Demographics

Overview

Total population 10542
Average household income $82,222

Age (%)

0 to 19
16%
20 to 34
31%
35 to 49
19%
50 to 64
22%
65 and plus
13%

Household composition (%)

Single person
45%
Single family
45%
Multi person
10%
Multi family
0%

Mother tongue (%)

English
87%
Others
5%
Spanish
3%
Portuguese
1%
French
1%

House tenancy (%)

Renters
55%
Owners
45%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget