$665,000

Fourplex

714 Dundas Street, London East, ON

75 DAYS
5
4
0
2000-2500
714 Dundas Street, London East, ON N5W 2Z4 - photo 1 of 3
714 Dundas Street, London East, ON N5W 2Z4 - photo 2 of 3
714 Dundas Street, London East, ON N5W 2Z4 - photo 3 of 3
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Listed by THE AGENCY REAL ESTATE

Property Highlights

Status

Sold Cond.

Parking

10 spaces

Property Tax

$3,225/yr

Lot Size

5,455 sqft

Style

2-Storey

Basement

None

Monthly Cost

$3,077/mo

About This Home

Unit 1Two Bed Rent: $1,450/m. Unit 2 One Bed Rent: $1,440/m. Unit 3 One Bed Rent: $1,400/m. Unit 4 One Bed Rent: $1450/m. Cash cow or Development potential. Prime Investment Opportunity at 714 & 720 Dundas St, London, ON! These side-by-side lots, feature a 4-plex and an 8-plex, delivering a robust 7.37% cap rate with a Net Operating Income of $125,354. Perfect for investors seeking strong cash flow or developers eyeing redevelopment potential, these properties are strategically located on vibrant Dundas Street, a key corridor with access to City of London CIP grants, including Development Charge exemptions and Tax Increment Equivalent Grants. Zoned for potential high-density residential or mixed-use projects, the combined lots offer flexibility for immediate rental income or future development. Don't miss this rare chance to acquire a high-yield, value-add asset in a growing market contact us today for financials and development details! Properties must be sold together.

Monthly Cost

Monthly Mortgage$2,808
Property Tax ($3,225/yr)$269
Total$3,077

Price & Listing History

Schools

Location

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Listing Presented By

iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage