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.
Location Description
DUNDAS STREET AND ELIZABETH
Property Details
- Community: East G
- Property Type: Tenant/Residential Freehold
- Bedrooms: 10
- Bath: 8
- Garages: Attached
- Annual Property Taxes : $ 18227
Building Features
- Foundation Type: Other
- Counstruction Material : Aluminum Siding-Brick
- Total Parking Space : 4
- Parking Type : Attached
Features
- Heating : RadiantGas
- Sewer : Sewer ,
Listing Contracted With: THE AGENCY REAL ESTATE
