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753 DUNDAS STREET, London, Ontario, N5W2Z6

753 DUNDAS STREET, London, Ontario (ID 179312)
Representative
Christian Andersen portrait
Christian Andersen
Broker
The Realty Firm Inc., Brokerage
Cell: 519-852-4457
Tel: 519-601-1160

$3,100,000 - For sale

ID#:179312

A 21 Unit Residential apartment Building- With 1 Commercial unit on the main floor (front), PLUS 3 More roughed-in Residential units in the basement awaiting completion. This Property is only 5 years old, so mechanically it is in very Good Condition. There is also a Mortgage on the property to the City of London for $940,000.00 Which Becomes Totally Foregiveable, over 25 years. There ar NO payments of Interest and principal required on this mortgage, provided it is in good standing. The Major Requirement of the Mortgage is that 16 units must be kept at 80% of Market rent. According to CMHC, the market rent in London for a one bedroom apartment is $877/Month and a 2 Bedroom is $1,088/Month (as of October 2018). Therefore as units become vacant rents can be increased. There are 3 Water on Demand Boilers which make up the Heating System, and Provide Hot Water. (id:2471)

Property Details
  • Property Address:753 DUNDAS STREET, London, Ontario, N5W2Z6
  • Property Type:Multi-family
  • Acreage:under 1/2 acre
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
Structure Details for 753 DUNDAS STREET, London, Ontario, N5W2Z6
  • Structure Style:Multi-Family
  • Building Age:2014
  • Heating Type:Natural gas, Other, Hot water radiator heat, Other
  • Exterior Type:Brick
Representative for 753 DUNDAS STREET, London, Ontario, N5W2Z6
Christian Andersen portrait
Christian Andersen
Broker
The Realty Firm Inc., Brokerage
Cell: 519-852-4457
Tel: 519-601-1160
Request Information
Mortgage Calculator Inputs
Mortgage Calculator Results
Note: All calculations for informational purposes only, and should be verified.
Get Pre-Approved

Listing Office: STREETCITY REALTY INC.

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753 DUNDAS STREET, London, Ontario, N5W2Z6

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