697 HALE STREET, London East (East N)
$1,499,900
For sale: Multiplex
- Property type
- Investment
- MLS®
- MLS® X13676564
- Neighbourhood
- East N
ATTENTION INVESTORS: Fully renovated turn-key 8-unit mixed use building plus unfurnished basement. Seven residential suites - 3 bachelor, 2 one-bedroom, 2 two-bedroom - over a ground floor commercial pizza store. Every residential unit has been completely renovated: new flooring, paint, doors, kitchens, bathrooms and appliances. In-suite laundry in units 4 & 5. Major works completed 2026: new steel roof, new steel vents, new exterior lighting throughout, new windows with protectors, new concrete sidewalk, and new vapor barrier through the basement wall. All seven residential units and one commercial unit are vacant with immediate possession - the buyer sets market rent from day one with no inherited tenant issues. Projected gross scheduled income of $132,960 annually based on current market rents. Unfinished basement includes multiple storage areas plus a bathroom rough-in - unpriced upside. Parking at the rear can fit 7 cars at a time. Corner exposure at Dundas & Hale St. Nothing left to do but lease it up!
Sold data
Multiplex homes in London East (East N) — recent sold market
Multiplex homes in London East (East N) took a median of 39 days to sell over the last 365 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 85, across 122 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 113 days.
The median sale price was $599,900.
Homes sold for about 3.7% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 30% of sellers reduced their price before finding a buyer.
- Median days to sell
- 39
- Median sale price
- $599,900
- Sale-to-list ratio
- 96.3%
- Sold above asking
- 13%
Based on 122 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in London East (East N)
London East (East N) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
- Rated schools
- 116
- Elementary
- 97
- Secondary
- 19
- Average rating
- 5.5 / 10
Top-rated schools in London East (East N)
- John Dearness — elementary, LondonFraser rating 9.8/10
- St George — elementary, LondonFraser rating 9.1/10
- Jack Chambers — elementary, LondonFraser rating 8.8/10
- Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
- London Central — secondary, LondonFraser rating 8.7/10
- Ryerson — elementary, LondonFraser rating 8.7/10
School ratings from the Fraser Institute's Ontario school report cards.
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