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Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Subdivision East J
MLS Listing ID X13487624
Annual Tax Amount $31,606
Tax Year 2025
Property Sub-Type Industrial
Property Description
Exceptional single-tenant investment opportunity at 2449 Dundas Street, located along an established commercial corridor in London's east end. This 22,674 SF building sits on a substantial 3.575-acre site and is 100% leased to Forest City Gymnastics, a well-established tenant with a specialized recreational use, providing secure long-term income through August 31, 2034. The lease offers stable, predictable cash flow with built-in rent escalations over the term and a 10-year renewal option, delivering a current NOI of $244,087 and a 6.34% cap rate at the $3,850,000 asking price. A standout feature is the significant excess land, offering long-term flexibility and potential for future expansion or development, subject to zoning, municipal approvals, and purchaser due diligence. Flexible RSC zoning supports a wide range of permitted uses. Positioned on high-exposure Dundas Street, the property benefits from strong traffic counts, convenient access, and proximity to residential neighbourhoods, commercial amenities, and major east London employment areas. London is Southwestern Ontario's largest urban centre, anchored by healthcare, education, manufacturing, and logistics, with continued population growth and economic expansion supporting ongoing tenant demand. With long-term tenancy, an established tenant, valuable excess land, and a highly accessible location, 2449 Dundas Street represents a compelling, secure investment in one of Southwestern Ontario's strongest urban markets.
Location
Province ON
County Middlesex
Area Middlesex
Zoning h-9 h-108 RSC1 RSC3(23) RSC4 HS HS4
Interior
Cooling Partial
Exterior
Utilities Available Available
Lot Frontage 394.59
Others
Security Features No
ParcelsYN No
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Listed by CANADIAN COMMERCIAL REALTY INC
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