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:15069)
| MLS® Number | X13080062 |
| Property Type | Multi-family |
| Community Name | East G |
| Parking Space Total | 4 |
| Bathroom Total | 8 |
| Bedrooms Above Ground | 10 |
| Bedrooms Total | 10 |
| Basement Type | None |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Aluminum Siding, Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 3,500 - 5,000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
| Attached Garage | |
| Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 144 Ft ,3 In |
| Size Frontage | 37 Ft ,9 In |
| Size Irregular | 37.8 X 144.3 Ft ; 144.20 Ft X 37.53 Ft X 144.33 Ft X 34.61 |
| Size Total Text | 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
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®)