761 Dundas Street, London East

$2,400,000

10 Beds
8 Baths
3500-5000 Sqft
0 Acres
2 Garages

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.

Essential Information
MLS® #X13080062
Price$2,400,000
Bedrooms10
Bathrooms8.00
Square Footage3500-5000
TypeResidential Freehold
Sub-TypeMultiplex
Style2-Storey
StatusActive
Community Information
Address761 Dundas Street
AreaMiddlesex
SubdivisionEast G
CityLondon East
ProvinceON
Postal CodeN5W 2Z4
Amenities
Parking Spaces2
# of Garages2
GaragesAttached
PoolNone
Interior
HeatingRadiant
CoolingWindow Unit(s)
BasementNone
Exterior
ExteriorAluminum Siding, Brick
Listing Details
OfficeTHE AGENCY REAL ESTATE
LISTING MAP

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