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:52316)
CENTURY 21 FIRST CANADIAN CORP
$728,000
1267 DUNDAS STREET, London, Ontario
9 Bedrooms
9 Bathrooms
Property
MLS® Number: X12060021
Address: 1267 DUNDAS STREET
City: London
Exterior: Brick, Vinyl siding
Utilities
Heating: Baseboard Heaters, Electric
Parking
Parking Spaces: 4
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