1267 Dundas Street London, Ontario N5W 3B3
$728,000
This 8-unit property, situated at the intersection of Dundas St and Oakland Ave, offers incredible potential for savvy investors. With a gross income of $66,168 (projected to increase to $73,368) and a net income of $33,372 (projected to grow to $40,572), this property is a true income-generator. Each of the 8 units has its own meter, providing excellent opportunities for future landlords to boost profitability. The building comprises five one-bedroom units, one bachelor unit, and two two-bedroom units, all fully rented. Additional features include five parking spots and a single-car garage, which can be rented for extra storage income. The basement under 1265 is unfinished and includes a 2-piece bathroom, with plumbing in place to add laundry facilities. The remaining space can also be rented as a workshop or storage area for added revenue. Properties like this are rare at such an attractive price. Don't miss your chance to own this 8plex and take advantage of its income potential! (id:53488)
Property Details
| MLS® Number | X11898941 |
| Property Type | Multi-family |
| Community Name | East M |
| AmenitiesNearBy | Public Transit, Schools, Place Of Worship |
| CommunityFeatures | School Bus |
| ParkingSpaceTotal | 4 |
Building
| BathroomTotal | 9 |
| BedroomsAboveGround | 9 |
| BedroomsTotal | 9 |
| Appliances | Water Heater, Refrigerator, Stove |
| BasementType | Partial |
| ExteriorFinish | Brick, Vinyl Siding |
| FoundationType | Block |
| HalfBathTotal | 1 |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| SizeInterior | 3499.9705 - 4999.958 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| LandAmenities | Public Transit, Schools, Place Of Worship |
| Sewer | Sanitary Sewer |
| SizeDepth | 126 Ft ,10 In |
| SizeFrontage | 32 Ft ,1 In |
| SizeIrregular | 32.1 X 126.9 Ft |
| SizeTotalText | 32.1 X 126.9 Ft |
| ZoningDescription | Ac4 R2 |
https://www.realtor.ca/real-estate/27750327/1267-dundas-street-london-east-m
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Durga Prasad Aaripaka
Salesperson
Richard Salhani
Salesperson
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December 20 2024 09:20:28
London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp
Contact Melanie & Shelby Pearce
Sales Representative for Royal Lepage Triland Realty, Brokerage
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Melanie Pearce
Phone: 226-268-9880
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Shelby Pearce
Phone: 519-639-0228
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MELANIE PEARCE
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