2449 Dundas Street
London East, ON
- 22,674 sqft
- Industrial
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.
Listing Details
- Taxes (2025)
- $31,606
- Listed
- June 25, 2026
Price History
Parking
- Garage
- Outside/Surface
Location & Legal
- Cross Street
- Crumlin Sideroad
- Zoning
- h-9 h-108 RSC1 RSC3(23) RSC4 HS HS4
- Parcel Number
- 081720002
- Possession
- Other
- Occupancy
- Tenant
Commercial
- Business Type
- Other
Included
- Exclusions
- Tenant belongings.
Community
Postal area N5V
- Population
- 32,961
- Private dwellings
- 13,236
- Median age
- 36.4
- Average household size
- 2.6
- Median household income
- $74,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in London East · last 12 months
- Median sold price
- $460,000
- Homes sold
- 1,326
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,326 recorded sales of commercial properties in London East over the last 12 months.
Listed by
CANADIAN COMMERCIAL REALTY INC
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 22,674 sq ft
- Price per sq ft
- $169.80
- Annual property tax
- $31,606
- Tax per sq ft
- $1.39
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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