Mixed-use investment property generating over $63,000 in annual gross income, located on Dundas Place in downtown London. This approximately 2,700 sq ft building features a fully leased main floor commercial space and a fully occupied four-bedroom rooming house with shared common areas above.The commercial space has been recently renovated with updated flooring and washroom facilities. The residential portion offers multiple bedrooms, two full bathrooms, and spacious common areas.Situated on the vibrant Dundas Flex Street with strong visibility and steady tenant demand, this property offers stable income and attractive cap rate potential. Ideal opportunity for investors seeking an affordable downtown mixed-use investment property. (id:4069)
Address
187 DUNDAS STREET
List Price
$499,900
Property Type
Retail
Type of Dwelling
Retail
Transaction Type
Sale
Area
Ontario
Sub-Area
London East (east K)
Floor Area
2,700 Sq. Ft.
Lot Size
14.3 FT ; 14.35 ft x 99.09 ft x 13.86 ft x 99.10 f Sq. Ft.
MLS® Number
X12881824
Listing Brokerage
THRIVE REALTY GROUP INC.
Postal Code
N6A1G4
Zoning
h-3*DA1*D350
Site Influences
Public Transit
Features
Irregular lot size
