Property Information:

Exceptional Fully Tenanted Income Property - 7.25%+ Cap Rate, an outstanding opportunity to own a fully tenanted, low-maintenance, income-generating property offering a 7.25%+ cap rate. Simply buy and enjoy stable returns-everything is new. This property has been completely renovated, inspected, and approved by the City of London, featuring a total of 2,457 sq. ft. of living space with abundant natural light, large windows, and high ceilings throughout. Property Highlights:1 Commercial Unit (500 sq. ft.) with excellent street exposure,3 parking spaces at the front. Residential Units: Main unit: 2 bedrooms / 2 bathrooms with a thoughtful layout, Second floor: 3 bedrooms / 1 bathroom, Third floor: 2 bedrooms / 1 bathroom. All residential units feature gorgeous new kitchens with quartz countertops, modern finishes, and beautifully updated bathrooms. A rear entrance leads to a new concrete pad and additional parking at the back. Recent Upgrades & Improvements: New vinyl flooring throughout,2021 shingles and eavestroughs, Two new furnaces (2021) with completely new HVAC ducting and venting, HVAC systems for both heating and cooling, New windows and plumbing, fully updated kitchens and washrooms. This turn-key property combines strong cash flow, minimal maintenance, and long-term value-an ideal addition to any investment portfolio. (id:27)

Building Features:

Style: Semi-Detached
Building Type: House
Basement Development: Unfinished
Basement Type: N/A
Construction Style - Attachment: Semi-detached
Exterior Finish: Brick, Stone
Floor Space: 2500 - 3000 sqft
Foundation Type: Unknown
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances:

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 7
Bathrooms: 5
Half Bathrooms: 2
Floor Space (approx): 2500 - 3000 Square Feet
Irregular: Yes
Lot Depth: 128.2 Feet
Lot Frontage: 27.2 Feet
Lot Size: 27.2 x 128.3 FT
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 6

Rooms:

Bedroom 2nd Level 5.87 m x 4.72 m
Bedroom 2nd Level 3.91 m x 3.30 m
Bedroom 2nd Level 4.06 m x 2.79 m
Kitchen 2nd Level 3.89 m x 2.54 m
Kitchen 3rd Level 4.01 m x 3.05 m
Living 3rd Level Measurements not available
Bedroom 3rd Level 2.39 m x 5.00 m
Bedroom 3rd Level 2.39 m x 6.35 m
Foyer Main Level 2.06 m x 1.93 m
Bedroom Main Level 4.90 m x 4.06 m
Bedroom Main Level 3.85 m x 4.40 m
Kitchen Main Level 3.05 m x 3.40 m

Convert Measurement to:

Courtesy of: HOMELIFE SILVERCITY REALTY INC.

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Demographic Information of 544 DUNDAS STREET E, London East, Ontario, N6B 1W8

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$86,171.66

Average Number of Children

1.38

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.8 %

High school certificate or equivalent

29.98 %

Apprenticeship trade certificate/diploma

5.36 %

College/non-university certificate

24.25 %

University certificate (below bachelor)

2.03 %

University Degree

27.57 %

Commuter

Travel To Work

By Car

64.86 %

By Public Transit

15.84 %

By Walking

16.39 %

By Bicycle

0.08 %

By Other Methods

2.83 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

94.48 %

Houses

5.52 %

544 DUNDAS STREET E, London East, Ontario, N6B 1W8