Salehian.com 647-325-5000

29 King Street

705 - Chesterville, North Dundas, K0C 1H0

$439,000

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Listed 19 days ago · MLS® X13850860

About this home

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.

Details

Type
Investment
Lot
71.8 × 82.45 ft
Garage
None
Property tax
$6,643 (2025)
Neighbourhood
705 - Chesterville
Municipality
North Dundas

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Partial
Utilities
Yes

Building and exterior

Building area
4,100 Square Feet

More

Possession
Immediate
Cross street
County Road 11

History of this address

5 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Somewhat walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 1 grocery store, 4 cafés and restaurants, 2 parks, 1 pharmacy. Nearest grocery: Mike Dean's Super Food (50 m). Nearest park: Flynn Park (150 m).

Schools nearby

Elementary

  • St. Mary's Catholic School Catholic
    EQAO: Gr 6 reading 95%, math 41%    5 min walk
  • Chesterville Public School
    EQAO: Gr 6 reading 75%, math 12%    9 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K0C

Owners / renters
82% / 18%
Median household income
$84,000
Average age
45
Children under 15
16%
Homes
85% detached, 0% high-rise
Commute by transit
0%
Population
52,838

Languages spoken most at home besides English: Swiss German 0.1%, Spanish 0.1%, German 0.1%, Arabic 0.1%.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario).

Living here

Commute

To downtown Ottawa: 51 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by COLDWELL BANKER FIRST OTTAWA REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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