Description

Listed by CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO

Excellent investment opportunity in the heart of Downtown London. 207 Dundas Street is a 100 % Occupied & Leased mixed-use building ideally located near the prominent corner of Dundas Street and Clarence Street, within close proximity to major downtown amenities, restaurants, entertainment venues, offices, and public transit. Gross Income: $84,930 per year. Net Income: $57,311 per year. New Improved Asking Price: $749,000.Very Attractive Current Cap Rate: 7.65 %, based on the current asking price. This well-maintained 3-storey building with basement comprises a main floor commercial retail unit of approximately 1,500 square feet, plus a usable basement complete with washroom and shower facilities, along with 3 residential apartments consisting of one 1-bedroom unit, one 2-bedroom unit, and one 2-bedroom loft unit. An excellent opportunity for investors seeking a fully leased mixed-use asset with strong income generation and long-term upside potential in London's growing downtown core. Site Area: 0.045 acres. Zoning: DA1 - Permits a wide range of uses.