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761 DUNDAS STREET, London East (East G)

10 BEDS · 8 BATHS · 3500 - 5000 sqft

$2,400,000

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.

General Info


MLS Listing ID: X13080062 Bedrooms: 10 Bathrooms: 8 Year Built: 0
Listing Type: Multi-family Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: N/A Roof: N/A Title To Land: N/A Parking Space Total: 4
Parking: N/A Heating: Radiant heat Size: 3500 - 5000 sqft Air Conditioning : Window air conditioner
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: None
Water Supply: Municipal water Road Type: N/A Pool Type: N/A
Listed BY: JEFF WYBO, THE AGENCY REAL ESTATE

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