$1,199,900

697 Hale Street

London ON, N5W 1J1

Description

7-PLEX Multi-tenant investment opportunity with 5.6% CAP RATE! Property zoned for mixed commercial residential. Excellent location with proximity to Fanshawe College and the downtown core. Exposure on busy Dundas Street. All units are currently tenanted. Outdoor building square footage: total of 5871 sq ft. Currently zoned for 3 main floor commercial units (can be reorganized with several uses) and 4 upper residential units (2 bachelors and 2 two bedrooms). Entire property was renovated and updated in 2015 with City permits. Those updates include; exterior vinyl/steel siding, roof, windows, doors, plumbing, electrical, flooring, washrooms, kitchens, breakers, stairs, fire-resistant drywall, insulation, basement steel beams, hot water tanks, the list goes on. Units are individually temperature controlled, separately metered and individual breaker systems. Owner pays water and common-area hydro. Additional income provided from coin-operated laundry in the basement. Seven car parking at the rear. Very low operating and maintenance costs!

Details

MLS#40103312
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusConditional
Days On Site15

Features

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Area Information
ProvinceON
CountyMiddlesex
CityLondon
Postal CodeN5W 1J1
AreaEast
Listing VS Median (in N5W 1J1)
Price:
$1,199,900
low | high
Med:
$1,199,900
50% of Average
On Site:
15
low | high
Med:
15
100% of Average
Sourced by Back At You
Listing Updated: May 10, 2021 8:00:52 PM PDT
HOAI Q. NGUYEN LogoMLS Number: 40103312
Listing Provided By:
HOAI Q. NGUYEN  of  PEAK PROFESSIONALS REALTY INC.
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