- Bedrooms
- 10
- Bathrooms
- 8
- Square Feet
- 3,500–5,000
- Year Built
- —
- Lot Size
- 37.79 × 144.34 Feet
- Property Type
- Multiplex
- Neighbourhood
- London East
- Status
- For Sale
About this home
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.
Features
- Basement: None
- Garage: Attached
- 4 parking spaces
- Cooling: Window Unit(s)
- Heating: Radiant
- 8 kitchens
Location
Approximate location, geocoded from the listing address.
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