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697 Hale Street London, Ontario N5W 1J1

None Baseboard Heaters

$1,349,000

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! (id:24910)

Property Details

MLS® Number 40070324
Property Type Office
Amenities Near By Airport, Hospital, Playground, Public Transit, Schools, Shopping
Communication Type Internet Access
Community Features Community Centre
Equipment Type None
Features Paved Driveway, Shared Driveway, Laundry- Coin Operated
Parking Space Total 7
Rental Equipment Type None

Building

Basement Development Partially Finished
Basement Type Full (partially Finished)
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Aluminum Siding, Metal
Fire Protection Smoke Detectors
Fireplace Present No
Foundation Type Block
Heating Type Baseboard Heaters
Stories Total 2
Size Exterior 5871.0000
Utility Water Municipal Water

Parking

Shared

Land

Access Type Road Access, Highway Nearby
Acreage No
Land Amenities Airport, Hospital, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Frontage 75 Ft
Size Total Text Under 1/2 Acre
Zoning Description Asa4/asa5

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/22845214/697-hale-street-london

Interested?

Contact us for more information


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Hoai Q. Nguyen
Salesperson

(519) 649-1888

Peak Professionals Realty Inc.
931 Oxford Street East
London, Ontario N5Y 3K1

(519) 649-1888
www.peakprofessionals.ca

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