1267 DUNDAS STREET London

1267 DUNDAS STREET, London, Ontario

$728,000

  • 9 Beds
  • 9 Baths

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:56241)

  • Listing ID: X11898941
  • Property Type: Multi-family

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Details

  • Amenities Nearby: Public Transit, Schools, Place of Worship
  • Community Features: School Bus
  • Parking Spaces: 4
  • Transaction: For sale
  • Zoning Description: AC4 R2

Building

  • Appliances: Water Heater, Refrigerator, Stove
  • BasementType: Partial
  • Bedrooms Main Level: 9
  • Exterior Finish: Brick, Vinyl siding
  • Fireplace Present: False
  • Foundation: Block
  • Bathrooms (Half): 1
  • Bathrooms (Total): 9
  • Heating: Baseboard heaters
  • Heating Fuel: Electric
  • Size Interior: 3499.9705 - 4999.958 sqft
  • Type: Other
  • Utility Water: Municipal water

Land

  • Amenities: Public Transit, Schools, Place of Worship
  • Sewer: Sanitary sewer
  • Size Frontage: 32 ft ,1 in
  • Size Irregular: 32.1 x 126.9 FT
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 1267 DUNDAS STREET in London Ontario. It was last modified on December 20th, 2024. Contact us to schedule a viewing or to discover other London real estate for sale.

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