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:4069)
Address
1267 DUNDAS STREET
List Price
$728,000
Property Type
Multi-family
Type of Dwelling
Other
Area
Ontario
Sub-Area
London
Bedrooms
9
Bathrooms
9
Floor Area
3,500 Sq. Ft.
Lot Size
32.1 x 126.9 FT Sq. Ft.
MLS® Number
X11898941
Listing Brokerage
CENTURY 21 FIRST CANADIAN CORP
Basement Area
Partial
Postal Code
N5W3B3
Zoning
AC4 R2
Site Influences
Public Transit, Schools, Place of Worship
