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$ 728,000
Est. payment | /mo
9 Beds
9 Baths
3,499 SqFt
$ 728,000
Est. payment | /mo
9 Beds
9 Baths
3,499 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,499 sqft
Price per Sqft $208
Subdivision East M
MLS® Listing ID X11898941
Bedrooms 9
Half Baths 1
Originating Board London and St. Thomas Association of REALTORS®
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! (id:24570)
Location
Province ON
Interior
Heating Baseboard heaters
Exterior
Parking Features Yes
Community Features School Bus
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Sewer Sanitary sewer
Listed by CENTURY 21 FIRST CANADIAN CORP
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