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Description
Prime high-visibility corner investment property located at 1066 Dundas St, consisting of three connected buildings with multiple income streams. The property currently generates approximately $106,600 in annual income.1062 Dundas St operates as a well-established owner-run laundromat generating approximately $50,000/year, with the business included in the sale.1064 Dundas St is leased to a barber shop at $10,200/year plus utilities.1066 Dundas St features a main floor retail unit rented for $1,700/month, a two-bedroom apartment rented for $1,250/month, and a rear one-bedroom unit currently owner-occupied with rental potential of approximately $1,000/month. The partially finished basement is currently used as a workshop. Strategically located next to The Factory entertainment complex and the Hard Rock Hotel development, this area is experiencing significant revitalization and growth, bringing increased foot traffic, tourism, and business activity. The property benefits from excellent exposure, strong street presence, and proximity to downtown London amenities. DC zoning allows for a wide range of commercial and residential uses, offering excellent future redevelopment or value-add potential. EXTRAS: Property sold "as is, where is" with no warranties or representations. No financial statements available due to Seller's age. HST is in addition to the purchase price.
Location Description
Dundas St & Kellogg Ln
Property Details
- Community: East G
- Property Type: Owner+Tenant/Commercial
- Garages: None
- Annual Property Taxes : $ 7422.75
Building Features
- Parking Type : None
Building Features
- Heating : Gas Forced Air Closed
- Water System : Water System
Land (Lot Features)
- Frontage: 50.03 sq.ft
- Land Depth: 108.2sq.ft
Listing Contracted With: CENTURY 21 FIRST CANADIAN CORP