Mixed-use investment property generating over $63,000 in annual gross income, located on Dundas Place in downtown London. This approximately 2,700 sq ft building features a fully leased main floor commercial space and a fully occupied four-bedroom rooming house with shared common areas above.The commercial space has been recently renovated with updated flooring and washroom facilities. The residential portion offers multiple bedrooms, two full bathrooms, and spacious common areas.Situated on the vibrant Dundas Flex Street with strong visibility and steady tenant demand, this property offers stable income and attractive cap rate potential. Ideal opportunity for investors seeking an affordable downtown mixed-use investment property.
Address
187 Dundas Street
List Price
$499,900
MLS® Status
New
Expiration Date
2027-03-31
Property Type
Commercial
Type of Dwelling
Store W Apt/Office
Transaction Type
Sale
Area
London East
Sub-Area
East K
Region
Middlesex
Lot Shape
Irregular
Lot Type
Lot
Lot Irregularities
14.35 ft x 99.09 ft x 13.86 ft x 99.10 f
Lot Size Units
Feet
Lot Width
14.3
Parcel Number
083210058
Total Building Area
2700
Occupant Type
Tenant
Cross Street
RICHMOND STREET & DUNDAS STREET
Approx. Age
100+ Years
MLS® Number
X12881824
Listing Brokerage
THRIVE REALTY GROUP INC.
Basement
Yes
Postal Code
N6A 1G4
Posession Details
FLEX
Tax Amount
$9,344.87
Tax Year
2025
Site Influences
Public Transit
Community Features
Public Transit
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Heat Type
Gas Forced Air Open
Cooling
No
Cooling Features
Yes
New Construction
No
Garage Type
None
Tax Legal Description
PT LT 8 , S/W DUNDAS STREET , AS IN 803144; T/W PA
Security Features
No
Sewer
Sanitary+Storm
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