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Investment signal

$899,900

1838 DUMONT STREET

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Beds

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Baths

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Year

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Type

Vacant Land

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for London East (East H). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

A rare opportunity to acquire a 7-parcel land assembly totaling approximately 1.52 acres in a sought-after and rapidly growing area.Zoned R8-3 and R2-3, the site supports a range of residential development options, including low-rise apartment buildings or stacked townhomes.Ideally located with convenient access to major transportation routes and everyday amenities, the property is close to excellent schools, shopping, and services, including SmartCentres London East. The assembled footprint provides flexibility for a larger-scale project or phased development within a well-established community. An outstanding investment opportunity with strong upside in a proven location. (id:65958)

Subtype: Vacant Land
Community: East H
Living area: 2
Lot size: 1.52 acres
Lot dimensions: 1.52
On market: Jan 29, 2026
Status changed: Apr 27, 2026
Annual tax: $224.63
Zoning: R8-3, R2-3
Photos: 11
MLS#: X12738434
Area: LONDON_EAST_(EAST_H)

Features and systems

Heating

No heat

Cooling

None

Negative cash flow ~$990/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.60%

Cap rate

3.54%

GRM

16.7

Break-even rent

$5,542

Financing

Down payment$179,980

Loan amount$719,920

Mortgage$3,648/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$412

Insurance$80

Maintenance$750

CapEx reserve$375

Vacancy loss$225

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,648/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.