$1,499,900
Available - For Sale
Listing ID: X13676564
697 Hale Street , London East, N5W 1J1, Middlesex
| ATTENTION INVESTORS: Fully renovated turn-key 8-unit mixed use building plus unfurnished basement. Seven residential suites - 3 bachelor, 2 one-bedroom, 2 two-bedroom - over a ground floor commercial pizza store. Every residential unit has been completely renovated: new flooring, paint, doors, kitchens, bathrooms and appliances. In-suite laundry in units 4 & 5. Major works completed 2026: new steel roof, new steel vents, new exterior lighting throughout, new windows with protectors, new concrete sidewalk, and new vapor barrier through the basement wall. All seven residential units and one commercial unit are vacant with immediate possession - the buyer sets market rent from day one with no inherited tenant issues. Projected gross scheduled income of $132,960 annually based on current market rents. Unfinished basement includes multiple storage areas plus a bathroom rough-in - unpriced upside. Parking at the rear can fit 7 cars at a time. Corner exposure at Dundas & Hale St. Nothing left to do but lease it up! |
| Price | $1,499,900 |
| Taxes: | $5472.00 |
| Tax Type: | Annual |
| Assessment Year: | 2026 |
| Occupancy: | Vacant |
| Address: | 697 Hale Street , London East, N5W 1J1, Middlesex |
| Postal Code: | N5W 1J1 |
| Province/State: | Middlesex |
| Legal Description: | PT LT 41 PLAN 431 AS IN 446658 LONDON/LO |
| Directions/Cross Streets: | Dundas St / Hale St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 6171.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Financial Statement: | F |
| Chattels: | F |
| Franchise: | F |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | No |
| Washrooms: | 0 |
| Rail: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
| Sewers: | Sanitary |
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| RIGHT AT HOME REALTY |
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Marjan Heidarizadeh
Sales Representative
Dir:
416-400-5987
Bus:
905-456-1000
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East N |
| Tax: | $5,472 |
| Fireplace: | N |
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