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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