London & Area Real Estate Listings
For Sale
761 Dundas Street
N5W2Z4
$2,400,000
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. (id:62344)
Property Specification
| MLS Number | X13080062 |
| Total Bedrooms | 10 |
| Basement | None |
| Cooling | Window air conditioner |
| Heating | Radiant heat, Natural gas |
| Fireplace | Array |
| Stories | 2 |
| Parking Spaces | 4 |
| Sewage | Sanitary sewer |
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Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.
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