697 HALE STREET
London East (East N), Ontario
MLS® X13676564
$1,499,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13676564
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 37Listing description
ATTENTION INVESTORS: Fully renovated turn-key 8-unit mixed use building plus unfurnished basement. Seven residential suites - 3 bachelor, 2 one-bedroom, 2 two-bedroom - over a ground floor commercial pizza store. Every residential unit has been completely renovated: new flooring, paint, doors, kitchens, bathrooms and appliances.
In-suite laundry in units 4 & 5. Major works completed 2026: new steel roof, new steel vents, new exterior lighting throughout, new windows with protectors, new concrete sidewalk, and new vapor barrier through the basement wall. All seven residential units and one commercial unit are vacant with immediate possession - the buyer sets market rent from day one with no inherited tenant issues.
Projected gross scheduled income of $132,960 annually based on current market rents. Unfinished basement includes multiple storage areas plus a bathroom rough-in - unpriced upside. Parking at the rear can fit 7 cars at a time.
Corner exposure at Dundas & Hale St. Nothing left to do but lease it up!
Property summary
- MLS® number
- X13676564
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 6,171 sq ft
- Land size
- 0.11 acres
- Annual property taxes
- $5,472.00
- Days on market
- 34 days
Features & details
- Heating
- Baseboard heaters
- Cooling
- None
- Lot features
- Irregular lot size
What would this home cost you?
Based on the $1,499,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RIGHT AT HOME REALTY, LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.