For Sale - 761 Dundas Street, London East, Ontario

Est payment $12,005/mo
Views   1
Time on Jump  3 day
  • 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$2,500,000
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
Parking 4.00
ASAP

Fri

8

May

Sat

9

May

Sun

10

May

Mon

11

May

Tue

12

May

Wed

13

May

Thu

14

May

Fri

15

May

Sat

16

May

Sun

17

May

Mon

18

May

Tue

19

May

Wed

20

May

Thu

21

May

Fri

22

May

Sat

23

May

Sun

24

May

Mon

25

May

Tue

26

May

Wed

27

May

Thu

28

May

Fri

29

May

Sat

30

May

Sun

31

May

Mon

1

Jun

Tue

2

Jun

Wed

3

Jun

Thu

4

Jun

Fri

5

Jun

By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

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.

Hospital
Parks
Schools
Place of Worship
Please select an amenity above to view a list.

Recommended Properties

Loading...
761 Dundas Street
London East , Ontario
10 8 $2,500,000
Get more info