$ 788,000
1267 Dundas ST London, ON N5W 3B3
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$ 788,000
Est. payment /mo
Active
1267 Dundas ST London, ON N5W 3B3
9 Beds
9 Baths
UPDATED:
09/26/2024 05:28 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
MLS Listing ID X9358811
Style Other
Bedrooms 9
Annual Tax Amount $10,804
Tax Year 2023
Property Description
Call it a cash cow! This 8plex is located on Dundas St and Oakland Ave. This property is a GREAT INVESTMENT with a gross income of $66,168 (projected $73,368) and a Net income of $33,372 (Projected $40,572) with 8 meters, allowing future landlords plenty of opportunity to increase the bottom line. There are five one-bedroom, one bachelor unit, and two two-bedroom units, all fully rented. There are 5 Parking spots and a Single-car garage that can be rented as a storage space. The basement under 1265 is unfinished with a 2pc bathroom; plumbing is there to set up laundry and the remaining space can be rented as a workshop area/storage for extra income. It is a very rare opportunity to get an 8plex at this price.
Location
State ON
County Middlesex
Area East M
Rooms
Family Room No
Basement Partial Basement
Kitchen 8
Interior
Interior Features Water Heater Owned
Cooling None
Fireplace No
Heat Source Electric
Exterior
Garage Private
Garage Spaces 3.0
Pool None
Waterfront No
Roof Type Asphalt Shingle,Flat
Parking Type Detached
Total Parking Spaces 4
Building
Unit Features Public Transit,School Bus Route,School,Place Of Worship
Foundation Block
Listed by CENTURY 21 FIRST CANADIAN CORP