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Est. payment /mo
4,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Subdivision East K
MLS Listing ID X13773410
Annual Tax Amount $9,335
Tax Year 2025
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Middlesex
Area Middlesex
Zoning DA1*D350
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 20.19
Lot Depth 98.25
Others
Security Features No
ParcelsYN No
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Listed by CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO
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