29 KING STREET, North Dundas

$439,000

For sale: Other

Other at 29 KING STREET, North Dundas
Property type
Investment
MLS®
MLS® X13850860
Neighbourhood
705 - Chesterville

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.

Sold data

Homes in North Dundas — recent sold market

Homes in North Dundas took a median of 24 days to sell over the last 90 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 49, across 36 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 38 days.

The median sale price was $499,900.

Homes sold for about 2.6% below asking on average, so there was room to negotiate.

About 14% of sales closed above the list price.

Around 31% of sellers reduced their price before finding a buyer.

Median days to sell
24
Median sale price
$499,900
Sale-to-list ratio
97.4%
Sold above asking
14%

Based on 36 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 29 KING STREET