761 DUNDAS STREET, London East (East G)
$2,400,000
For sale: Multiplex
- Property type
- Multiplex
- Bedrooms / bathrooms
- 10 bedrooms, 8 bathrooms
- Living area
- 5,000 sqft
- MLS®
- MLS® X13080062
- Neighbourhood
- East G
Exceptional mixed use investment opportunity at 755-761 Dundas Street. This established income property features 7 residential units and 4 commercial units generating a total gross annual income of $192,030. Current monthly rents total $16,002.51 ($8537.51 residential/ $7429 commercial) Annual operating expenses of approximately $33,397 (property tax, insurance, hydro, gas) Produce a net operating income of $158,633. Listed at a 6.35% Cap rate at an asking price of $2,500,000. All commercial leases include HST. Residential tenants are month to month or long term. Strong diverse tenant mix with minimal vacancy. Stable cash flow in place from day one.
Sold data
Homes in East G — recent sold market
Homes in East G took a median of 30 days to sell over the last 365 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 56, across 103 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.
The median sale price was $399,000.
Homes sold for about 3.5% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 28% of sellers reduced their price before finding a buyer.
- Median days to sell
- 30
- Median sale price
- $399,000
- Sale-to-list ratio
- 96.5%
- Sold above asking
- 7%
Based on 103 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in London East (East G)
London East (East G) 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 G)
- 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.
Currently for sale
Homes for sale near 761 DUNDAS STREET
$1,197,000
Multiplex11+353,000–3,500 sqft50 IRWIN STREET, North K, London North
$1,750,000
Multiplex1161438 BECKWORTH Avenue, East D, London
$1,050,000
Multiplex8+353,500–5,000 sqft858 WILLIAM STREET, East B, London East
$1,899,000
Detached433,500–5,000 sqft512 COLBORNE STREET, East F, London East
$1,399,900
Detached6+243,500–5,000 sqft35 BUTTERNUT GROVE, South B, London South
$1,099,000
Detached6+331,500–2,000 sqft151 ROBIN RIDGE DRIVE, Belmont, Central Elgin
$2,999,999
Other10+3722678 JOHNSTON LINE, Rodney
$2,999,999
Detached10+3722678 JOHNSTON LINE, Rodney