761 Dundas Street, London East, ON N5W 2Z4
London East , N5W 2Z4
$2,400,000.00
10 Bedrooms
8 Bathrooms
Residential Freehold
Property Details
| MLS Number | X13080062 |
| Property Type | Residential Freehold |
| City | London East |
| City Region | East G |
| Postal Code | N5W 2Z4 |
| Cross Street | DUNDAS STREET AND ELIZABETH |
| Street Number | 761 |
| Street Name | Dundas |
| Lot Width | 37.79 ft |
| Lot Depth | 144.34 ft |
| Bedrooms | 10 |
| Bathrooms | 8 |
| Annual Tax | $18,227.00 |
| Sewer | Sewer |
| Occupant Type | Tenant |
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.
Selvan Puvaneswaranathan
Broker — REMAX Crossroads