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    For Sale - 761 Dundas Street, London East, Ontario

    Est payment $11,525/mo
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    Views   1
    Time on Jump  63 day

    AI Summary *

    • Mixed use property with 7 residential and 4 commercial units.
    • Gross annual income of $192,030 offers solid cash flow.
    • Current rents total over $16,000 monthly.
    • Established tenant mix ensures minimal vacancy rates.
    • Listed at a 6.35% Cap rate for investment stability.




    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.
    Listing IDX13080062
    Address761 Dundas Street
    CityLondon East, Ontario
    Price$2,400,000
    Bed / Bath10 / 8 Full
    Style2-Storey, Multiplex
    ConstructionAluminum Siding, Brick
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features NoneOwnership FreeholdBasement NoneFoundation OtherHeating / Cooling RadiantHeating Fuel GasSewer Sewer

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    Listing Agency:  THE AGENCY REAL ESTATE

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    761 Dundas Street
    London East , Ontario
    10 8 $2,400,000
    Get more info