FOR SALE
$1,799,900
532-538 Dundas, London East, ON, N6B 1W6
5000 +
About the Property
An excellent investment opportunity: purpose-built, all-brick 12-unit apartment building featuring 6 spacious two-bedroom units and 6 one-bedroom units. This well-maintained property is fully rented with long-term tenants, offering stable cash flow and minimal vacancy risk. Located on a quiet dead-end street, it provides tenants with a peaceful living environment while being just minutes from Fanshawe College and offering quick access to Highway 401ideal for students, commuters, and working professionals alike. With an annual gross rental income of $117,780, this asset delivers solid returns, but there is significant potential to enhance income over time.
Current rents are below market, presenting an opportunity for new ownership to gradually increase revenues through natural tenant turnover or strategic updates. A turnkey addition to any investment portfolio, this property combines immediate income with long-term upside in a high-demand rental area.
Features
Property Details
MLS#:
X12137351
Status:
About the Property
An excellent investment opportunity: purpose-built, all-brick 12-unit apartment building featuring 6 spacious two-bedroom units and 6 one-bedroom units. This well-maintained property is fully rented with long-term tenants, offering stable cash flow and minimal vacancy risk. Located on a quiet dead-end street, it provides tenants with a peaceful living environment while being just minutes from Fanshawe College and offering quick access to Highway 401ideal for students, commuters, and working professionals alike. With an annual gross rental income of $117,780, this asset delivers solid returns, but there is significant potential to enhance income over time.
Current rents are below market, presenting an opportunity for new ownership to gradually increase revenues through natural tenant turnover or strategic updates. A turnkey addition to any investment portfolio, this property combines immediate income with long-term upside in a high-demand rental area.
Features
Property Details
MLS#:
X12137351
Status:
For Sale
Property Type:
Multiplex
Central A/C:
No
Bedrooms:
18
Heating Fuel:
Water
Bathrooms:
12
Heating Type:
Water
Parking:
16 Spots
Cross Street:
Spruce Street
Basement:
Separate Entrance
For Sale
Property Type:
Multiplex
Central A/C:
No
Bedrooms:
18
Heating Fuel:
Water
Bathrooms:
12
Heating Type:
Water
Parking:
16 Spots
Cross Street:
Spruce Street
Basement:
Separate Entrance
Maintenance:
Exterior:
Brick
Possession Date:
Jul 1, 2025
Presented By:
THRIVE REALTY GROUP INC.
Maintenance:
Exterior:
Brick
Possession Date:
Jul 1, 2025
Presented By:
THRIVE REALTY GROUP INC.