Property Specs:
Price$999,900.00
CityLondon, ON
Address1062- 1064-1066 DUNDAS Street E
Listing ID40527146
ConstructionBrick
StatusFor sale
Extended Features:
Amenities Nearby Airport, Public Transit, SchoolsCommunications High Speed InternetCommunity Features High Traffic AreaEquipment Water HeaterFeatures Visual exposureOwnership FreeholdRental Equipment Water HeaterSigns SignbandBasement FullFire Protection Alarm systemFoundation BlockUtility Water Municipal water
Details:
Excellent high visibility corner of Dundas and Dorinda. 3 buildings abutting. Presently laundromat (1062 Dundas) owner operated earns $50k-$60k annually business included. 1064 Dundas rented to a barber shop with annual income $10,200 plus utilities for decades. 1066 Dundas $700 SQFT vacant retail store with bathroom and two bedroom apartment with potential annual income $36,000 plus utilities. Also, there is a one bedroom apartment at rear part of property with a separate entrance which is occupied by the owner- it could be rented for another $1000 plus each month as a bonus. Basement are partially finished are currently used for the owner's workshop. Cash flow earns. The owner is selling for retirement. Property is sold as is. Property in need of extensive renovations with great potential. The BDC Zone variation provides a WIDE mix of retail, restaurant, and neighbourhood facility, office, and residential uses which are appropriate in all Business District Commercial Zone variations. Potential future development as well. (id:4555)
