697 Hale Street, London

$1,349,000

6 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

7-PLEX Multi-tenant investment opportunity with 5% CAP RATE! Property zoned for mixed commercial residential.

Excellent location with proximity to Fanshawe College and the downtown core. Exposure on busy Dundas Street. All units are currently tenanted. Ask listing agent for more information and income generated. Outdoor building square footage: total of 5871 sq ft. Currently zoned for 3 main floor commercial units (can be reorganized with several uses) and 4 upper residential units (2 bachelors and 2 two bedrooms).

Entire property was renovated and updated in 2015 with City permits. Those updates include; exterior vinyl/steel siding, roof, windows, doors, plumbing, electrical, flooring, washrooms, kitchens, breakers, stairs, fire-resistant drywall, insulation, basement steel beams, hot water tanks, the list goes on. Units are individually temperature controlled, separately metered and individual breaker systems. Owner pays water and common-area hydro. Additional income provided from coin-operated laundry in the basement. Seven car parking at the rear. Very low operating and maintenance costs!

Essential Information
MLS® #40070337
Price$1,349,000
Bedrooms6
Bathrooms0.00
Acres0.00
TypeResidential Income
Sub-TypeMulti-6-9 Unit
StatusActive
Community Information
Address697 Hale Street
AreaEast
SubdivisionEast N
CityLondon
CountyMiddlesex
ProvinceON
Postal CodeN5W 1J1
Amenities
PoolNone
Parking

Asphalt, Mutual/Shared, Outside/Surface/Open

Interior
HeatingBaseboard
CoolingNone
Has BasementYes
# of Stories2
Interior Features

Separate Heating Controls, Separate Hydro Meters, Water Heater Owned

Exterior
RoofMembrane
FoundationConcrete Block
Construction

Aluminum Siding, Metal/Steel Siding

Additional Information
Days on Market5
Listing Details
OfficePEAK PROFESSIONALS REALTY INC.
LISTING MAP

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