$439,000 Sale

Listed 11 days ago

29 KING STREET

MLS® x13850860 Business

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · 4100

Est. mortgage

$1,854/mo

Key Facts

Key facts for 29 KING STREET

Property Type

Commercial

Parking

Garage: No, 0 parking

MLS #

X13850860

Size

4100 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

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 foo...tprint, 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:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

4100 sqft

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Partially air conditioned

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

4100 sqft

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Partially air conditioned

Full Bathrooms

Half Bathrooms

Exterior

Acreage

4100 ac

Parking Spaces

Garage Spaces Y/N

Zoning Description

Acreage

4100 ac

Parking Spaces

Garage Spaces Y/N

Zoning Description

Building Description

Home Type

Commercial

Subtype

Business

Water Supply

Municipal water

Home Type

Commercial

Subtype

Business

Water Supply

Municipal water

Community

Chesterville

Area Code

North Dundas

Community

Chesterville

Area Code

North Dundas

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Alexandre Seguin

Email: [email protected] Cell: 613-362-2767