Address
697 HALE Street London, ON
Price
$ 1,349,000
Property Attributes
  • ML#40070337X
  • TypeSingle Family
  • CityLondon
  • AreaLondon and St Thomas
  • NeighbourhoodEast London
  • Postal CodeN5W 1J1
  • Style
  • Price$ 1,349,000
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Hoai Q. Nguyen with Peak Professionals Realty Inc.
Data Source:
RLP - CREA EN
Property Description

7-PLEX Multi-tenant investment opportunity with 5% 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. Ask listing agent for more information and income generated. 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!

General Features

Acres < 0.5
Beds 6
Garage no
Inclusions CARBONMONOX
Listing Type Investment
Parking yes
Parking Spaces 7
Terms SALE
Wheel Chair Access no
Zoning ASA4/ASA5

Interior Features

Basement Finish Partially Finished
Bedrooms 6
Fireplace no

Exterior Features

Lot Frontage 75.00
Pool Y/N no

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in N5W 1J1

Price
AVG $1.35M
$1.35M
Visits
AVG 133
132
Walkscore
AVG 48
48
Data Provided by Walkscore ® not using MLS data