761 Dundas Street, London East (East G), Ontario N5W2Z4
Listing courtesy of THE AGENCY REAL ESTATE.
- $2,400,000
- 10
- BD
- 8
- BA
- List Price
- $2,400,000
- Status
- ACTIVE
- Days on Market
- 83
- Price Change
- ▼ $100,000 1781554708
- MLS® #
- LondonandStThomasAssociationofREALTORS-X13080062
- Bedrooms
- 10
- Bathrooms
- 8
- Subdivision
- East G
- Neighborhood
- East G
- MLS Area Major
- East G
Property Description
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:5764)
Additional Information
- Exterior Features
- Brick, Aluminum siding
- Taxes
- $18,227
- Community Features
- East G
- Heating
- Radiant heat, Natural gas
- Air Conditioning
- Window air conditioner
- Stories
- 2
- Parking Features
- Attached Garage, Garage
