Realestate

Property Details

1 of 4
$2,500,000
761 Dundas Street, London East, ON N5W 2Z4
10
8
1
MLS®X13080062
Property Type
Residential Freehold
Sub Type
Multiplex
Heating
Radiant
Cooling
Window Unit(s)
Lot Size
144.34 x 37.79 Feet
Approx Age
N/A
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.
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