2449 Dundas Street, London East, ON N5V 3C8, London East, ON
22674.0 sqft
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.
Property Highlights
For Sale
MLS NO.
X13487624
Type
Commercial
Sub Type
Industrial
Square Footage
22674.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Industrial
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X13487624
Security Features
No
Lot Width
394.59
Lot Size
3.575
Lot Size Units
Acres
Garage Type
Outside/Surface
Cooling
Partial
Heat Type
Gas Forced Air Closed
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
2449 Dundas Street, London East, ON N5V 3C8
City
London East
Neighbourhood
East J
County / Region
Middlesex
Province / State
ON
Postal Code
N5V 3C8
Cross Street
Crumlin Sideroad
Directions
Entrance is on the south side of Dundas Street just east of Crumlin Sideroad.
Country
CA
List Price
$3,850,000
Annual Taxes
$31,606
Tax Year
2025
Possession Type
Other
Possession Details
Occupied by Tenant
Listing Office
CANADIAN COMMERCIAL REALTY INC
Board
London and St. Thomas Association of REALTORS
Original Entry
2026-06-25T13:26:46Z
Media Updated
2026-06-25T13:26:47Z
Photos Updated
2026-06-25T13:26:47Z
Last Modified
2026-06-25T13:39:11Z
System Modified
2026-07-06T21:39:05.426191Z
MLS Status
New
Basement Yn
No
Co List Office Name
CANADIAN COMMERCIAL REALTY INC
Ddfyn
Yes
Expiration Date
2026-12-17
Heat Type Multi
Gas Forced Air Closed, Radiant
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
081720002
Parking Spaces
90
Public Remarks
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.