697 HALE Street - $1,199,900.00

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697 HALE Street,London - $1,199,900 - Directions


Property Specs

Price$1,199,900.00
CityLondon, ON
Address697 HALE Street
Listing ID40103312
ConstructionMetal, Vinyl siding
StatusFor sale

Extended Features

Amenities Nearby Hospital, Public Transit, Schools, ShoppingCommunity Features High Traffic AreaEquipment NoneFeatures Laundry- Coin operated, Paved drivewayOwnership FreeholdRental Equipment NoneBasement FullBasement Development Partially finishedCooling NoneHeating Baseboard heatersUtility Water Municipal water

Details

7-PLEX Multi-tenant investment opportunity with 5.6% 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. 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! (id:4555)

LISTING OFFICE:
Peak Professionals Realty Inc.

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