697 Hale Street London, Ontario N5W 1J1
$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 | 40070337 |
| Property Type | Multi-family |
| Amenities Near By | Airport, Hospital, Playground, Public Transit, Schools, Shopping |
| Communication Type | Internet Access |
| Community Features | Community Centre, School Bus |
| Equipment Type | None |
| Features | Paved Driveway, Shared Driveway, Laundry- Coin Operated |
| Parking Space Total | 7 |
| Rental Equipment Type | None |
Building
| Bedrooms Total | 6 |
| Age | New 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 |
| 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/22845267/697-hale-street-london
Interested?
Contact us for more information
Hoai Q. Nguyen
Salesperson
931 Oxford Street East
London, Ontario N5Y 3K1
(519) 649-1888
www.peakprofessionals.ca
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
London and St. Thomas Association of REALTORS®
Peak Professionals Realty Inc.
February 23 2021 03:09:26
