Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

761 Dundas Street, London East, ON N5W 2Z4 (DUNDAS STREET AND ELIZABETH)
$ 2400000 - MLS : X13080062

From Our Gallery

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.

Location Description

DUNDAS STREET AND ELIZABETH

Property Detail

Community: East G
Property Type: Tenant/Residential Freehold
Bedrooms: 10
Bath: 8
Garages: Attached
Annual Property Taxes : $ 18227

Lot dimensions: sqft
Baths:

Facts and Features

Foundation Type: Other
Counstruction Material : Aluminum Siding-Brick
Total Parking Space : 4
Parking Type : Attached

Amenities

Heating : RadiantGas
Sewer : Sewer ,

Listing Contracted With: THE AGENCY REAL ESTATE

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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