Exceptional mixed use investment opportunity at 755-761 Dundas Street. This established income property features 7 residential units and 4 commercial units generating a total gross annual income of $192,030. Current monthly rents total $16,002.51 ($8537.51 residential/ $7429 commercial) Annual operating expenses of approximately $33,397 (property tax, insurance, hydro, gas) Produce a net operating income of $158,633. Listed at a 6.35% Cap rate at an asking price of $2,500,000. All commercial leases include HST. Residential tenants are month to month or long term. Strong diverse tenant mix with minimal vacancy. Stable cash flow in place from day one. (id:60297)
| MLS® Number | X13080062 |
| Property Type | Multi-family |
| Community Name | East G |
| ParkingSpaceTotal | 4 |
| BathroomTotal | 8 |
| BedroomsAboveGround | 10 |
| BedroomsTotal | 10 |
| BasementType | None |
| CoolingType | Window Air Conditioner |
| ExteriorFinish | Aluminum Siding, Brick |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 2 |
| SizeInterior | 3500 - 5000 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
| Attached Garage | |
| Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 144 Ft ,3 In |
| SizeFrontage | 37 Ft ,9 In |
| SizeIrregular | 37.8 X 144.3 Ft ; 144.20 Ft X 37.53 Ft X 144.33 Ft X 34.61 |
| SizeTotalText | 37.8 X 144.3 Ft ; 144.20 Ft X 37.53 Ft X 144.33 Ft X 34.61 |
https://www.realtor.ca/real-estate/29697176/761-dundas-street-london-east-east-g-east-g
Contact us for more information
Jeff Wybo
Broker
Mazen Joukhaji
Salesperson
No Favourites Found
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)