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$ 728,000
Est. payment /mo
Active
1267 Dundas ST London, ON N5W 3B3
9 Beds
9 Baths
UPDATED:
01/06/2025 01:25 AM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision East M
MLS Listing ID X11898941
Style Other
Bedrooms 9
Annual Tax Amount $10,804
Tax Year 2023
Property Sub-Type Multiplex
Property Description
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!
Location
State ON
County Middlesex
Community East M
Area Middlesex
Rooms
Family Room No
Basement Partial Basement
Kitchen 8
Interior
Interior Features Water Heater Owned
Cooling None
Fireplace No
Heat Source Electric
Exterior
Parking Features Private
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle,Flat
Lot Depth 126.88
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