Multiplex · For sale
761 Dundas Street, London East
$2,400,000
Listing brokerage: THE AGENCY REAL ESTATE · MLS® X13080062
Property report for this address · zoning, second units, flood, schools (public records)
- Listing brokerage
- THE AGENCY REAL ESTATE
- Type
- Multiplex
- Deal
- For sale
- Category
- Residential · Multi-unit homes
- Bedrooms
- 10
- Bathrooms
- 8
- Size
- 3500-5000 sq ft
- Lot
- 37.79 x 144.34 ft
- Area
- East G
- MLS® number
- X13080062
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.
The information provided herein is deemed reliable but is not guaranteed accurate by PROPTX.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
Public records · not part of the MLS® listing
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