761 Dundas Street, London, ON N5W 2Z4
- $2,400,000
- 10
- BD
- 8
- BA
- 3,500
- SqFt
- List Price
- $2,400,000
- Price Change
- ▼ $100,000 1781552089
- MLS#
- X13080062
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Multiplex
- Style
- 2-Storey
- Bedrooms
- 10
- Bathrooms
- 8
- Living Area
- 3500-5000
- Province
- ON
- Municipality
- London
- Area
- Middlesex
- Neighborhood
- East
- Subdivision
- Dundas Street And Elizabeth
Property 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.
Additional Information
- Taxes
- $18,227
- Heat Type
- Radiant
- Heat Source
- Gas
- Air Conditioning
- Window Unit(s)
- Kitchens
- 8
- Exterior
- Aluminum Siding, Brick
- Garage Spaces
- 2
- Garage Type
- Attached
- Pool
- None
- Parking Spaces
- 4
- Parking Type
- Available
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Listing courtesy of THE AGENCY REAL ESTATE.