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Jennifer Boyer Sales Representative
226-377-8274
$3,100,000
753 Dundas St, London, ON N5W 2Z6
0 Beds
0 Baths
n/a sqft

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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.
  • Price:
  • $3,100,000
  • Year Built:
  • 2014
  • Listing ID #:
  • 179312
  • Street Address:
  • 753 Dundas St
  • City:
  • London
  • Province:
  • Ontario
  • Postal Code:
  • N5W 2Z6
  • County:
  • City Of London
  • Listing Status:
  • Active
  • Basement Type:
  • Unfinished
  • Dwelling Type:
  • 13+ Units, Apartment Complex
  • Foundation:
  • Concrete Block, Poured Concrete
  • Interior Features:
  • On Demand Water Heater
  • New Construction:
  • 1
  • Number Of 1 Bedroom Units:
  • 6
  • Number Of 2 Bedroom Units:
  • 13
  • Number Of 3 Bedroom Units:
  • 1
  • Number Of Units:
  • 21
  • Siding:
  • Brick
  • Stories:
  • 3.00
  • Style:
  • 3 Storey
  • Type Of Roof:
  • Flat
  • Year Built:
  • 2014
  • Year Built Description:
  • Completed / New
  • Lot Size:
  • Under .5 Acre
  • Lot Size Front:
  • 58.69
  • Lot Size Side:
  • 161.73
  • Road Access:
  • Municipal Road
  • Street Type:
  • Street
  • Sub Area:
  • East L
  • Property Taxes:
  • $23,178
  • Tax Year:
  • 2018
  • Driveway:
  • Lane/Alley
  • Parking Spaces:
  • 3
  • Existing Water:
  • Municipal
  • Hvac:
  • Air Exchanger, Other (see Remarks)
  • Sewage Type:
  • Municipal Sewers
  • Listings Provided By Streetcity Realty Inc.
  • OCMLS