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Commercial listings / Investment / For sale

532-538 Dundas Street, London East, ON N6B 1W6

$1,699,000

532-538 Dundas Street, London East, ON N6B 1W6, photo 1532-538 Dundas Street, London East, ON N6B 1W6, photo 2532-538 Dundas Street, London East, ON N6B 1W6, photo 3532-538 Dundas Street, London East, ON N6B 1W6, photo 4532-538 Dundas Street, London East, ON N6B 1W6, photo 5532-538 Dundas Street, London East, ON N6B 1W6, photo 6
Property type
Investment
Transaction
For sale
Location
London East, Middlesex
Building area
6,729 Square Feet
MLS® number
X13547322

Description

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.

Listing brokerage: THRIVE REALTY GROUP INC.

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