761 DUNDAS STREET
London East (East G), Ontario
MLS® X13080062
$2,400,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13080062
- Bedrooms
- 10
- Bathrooms
- 8
- Year built
- —
1 / 4Listing description
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.
Property summary
- MLS® number
- X13080062
- Property type
- Multi-family
- Building type
- Other
- Land size
- 37.8 x 144.3 FT ; 144.20 ft x 37.53 ft x 144.33 ft x 34.61
- Annual property taxes
- $18,227.00
- Parking
- 4 spaces · Attached Garage, Garage
- Days on market
- 122 days
Features & details
- Heating
- Radiant heat, Natural gas
- Cooling
- Window air conditioner
- Basement
- None
- Exterior features
- Brick, Aluminum siding
What would this home cost you?
Based on the $2,400,000 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 THE AGENCY REAL ESTATE, 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.