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Listed price in listed location currency (CAD).
$439,000

000

MLS® X13850860

Overview

Key Facts

Type 
Levels Commercial Sale
Size -
Garage None
Taxes $6,643
Days Active 39
Lot Size 
Approx. Age 
MLS® Number X13850860

Property Address: 29 King St, Chesterville, ON, K0C1H0

Average square foot calculated using Size range provided by listing agent.

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 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.
MLS® NumberX13850860
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
Basement
DrivewayGarage Type:None
Garage Spaces
HeatGas Forced Air Open
A/CPartial

Extras

Price History

Last Sold Price

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Appreciation

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Avg. Days Listed

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Today, For Sale for $439,000

For Sale · 38 days

$439,000

MLS® X13850860

A month ago

Not Sold Yet

October 2026, Withdrawn for $417,000

Withdrawn · 238 days

$417,000

MLS® X12854474

10 days ago

Canceled on Oct 31, 2026

  • Oct 1, 2026, For Sale for $439,000

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