13 unit investment property across three buildings including a duplex, four unit building, and three storey seven unit building. Strong unit mix with 12 residential units and 1 commercial unit previously leased residentially. On site parking available with coin operated laundry in the fourplex and shared laundry in the duplex. Prime Dundas Street location near transit routes and major employers. Currently 11 of 13 units occupied at market rents. All units have been recently updated and the buildings have been well maintained. Projected gross income at full occupancy of $210k with projected NOI exceeding $125k. Professional property management currently in place and willing to remain, offering a largely hands off investment opportunity. (id:4069)
Address
532-538 DUNDAS STREET
List Price
$1,699,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Transaction Type
Sale
Area
Ontario
Sub-Area
London East (east F)
Floor Area
6,729 Sq. Ft.
Lot Size
102 x 102 FT Sq. Ft.
Lot Depth
102 ft
Frontage Length
102 ft
MLS® Number
X13547322
Listing Brokerage
THRIVE REALTY GROUP INC.
Postal Code
N6B1W6
Zoning
BDC OR
Heat Source
Natural gas
Heat Type
Forced air, Radiant heat, Baseboard heaters
Cooling Features
None
Water Source
Municipal water
