761 Dundas Street
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 of 761 Dundas Street
| MLS® # | X13080062 |
|---|---|
| Price | $2,400,000 |
| Bedrooms | 10 |
| Bathrooms | 8.00 |
| Square Footage | 3500-5000 |
| Type | Residential Freehold |
| Sub-Type | Multiplex |
| Style | 2-Storey |
| Status | Active |
Community Information
| Address | 761 Dundas Street |
|---|---|
| Area | Middlesex |
| Neighborhood | East G |
| City | London East |
| Province | ON |
| Postal Code | N5W 2Z4 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Garage Parking Spaces | 2 |
| Garage Type | Attached |
| Pool | None |
Interior
| Heating | Radiant |
|---|---|
| Cooling | Window Unit(s) |
| Fireplace | No |
| Basement | None |
Exterior
| Exterior | Aluminum Siding, Brick |
|---|
Listing Details
| Office | THE AGENCY REAL ESTATE |
|---|