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:13843)
| MLS # | X13080062 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 193 |
| Listing Provided By | THE AGENCY REAL ESTATE | JEFF WYBO |
| Bed(s) | 10 |
|---|---|
| Bath(s) | 8 Total |
| SQ Feet | 3,500 |
| Garage | 4 |
| Story(s) | 2 |
| Cooling | Window air conditioner |
|---|---|
| Heating | Radiant heat, Natural gas |
| Fireplace Yes / No | No |
| Parking Features | Attached Garage, Garage |
|---|---|
| Parking Total | 4 |
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
| Tax Annual Amount | 18227 |
|---|
| Province | ON |
|---|---|
| City | London East (East G) |
| Postal Code | N5W2Z4 |
| Listing VS Median (in N5W2Z4) | |
Price: $2,400,000 low | high Med: $2,400,000 sqft: 3,500 low | high Med: 3,500 $ / sqft: $686 low | high Med: $686 On site: 193 low | high Med: 193 | |
| Province | ON |
|---|---|
| City | London East (East G) |
| Postal Code | N5W2Z4 |
| Listing VS Median (in N5W2Z4) | |
Price: $2,400,000 low | high Med: $2,400,000 sqft: 3,500 low | high Med: 3,500 $ / sqft: $686 low | high Med: $686 On site: 193 low | high Med: 193 | |