$699,999
Available - For Sale
Listing ID: X12173558
1843 Dundas Stre East , London East, N5W 3E6, Middlesex
| 1843 Dundas Street in London, Ontario, is a rare and versatile mixed-use property that offers a unique opportunity for investors, business owners, or those seeking a live/work arrangement. Available for the first time in over 50 years and owned since 1972, this well-maintained property is part of an estate sale with probate fully completed, ensuring a smooth and ready transaction. Zoned for both residential and commercial use, the property allows for a widerange of permitted activities, including automobile repair garages, automotive retail and services, restaurants or food services, and taxi establishments. This legal duplex features three kitchens and three separate hydro meters, offering flexibility and strong rental potential. Recent upgrades include a new roof installed in 2025 and a high-efficiency boiler system valued at \$35,000. The second-floor staircase was brought up to code in 2021, ensuring safety and compliance. In 2024 alone, the property generated over $50,000 in income and is currently home to long-term, friendly tenants who not only contribute to steady cash flow but also help maintain a cooperative and respectful living environment. The property sits on a generous lot with ample parking and excellent visibility on Dundas Street near Clarke Road, making it ideal for commercial exposure. With a projected capitalization rate of 7 percent when fully optimized, this investment offers both strong financial returns and unmatched flexibility. Properties like this held for decades and zoned for a wide range of high-demand uses are exceptionally rare. This is a valuable opportunity to own a property with income, history, and future growth potential. |
| Price | $699,999 |
| Taxes: | $3571.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Partial |
| Address: | 1843 Dundas Stre East , London East, N5W 3E6, Middlesex |
| Postal Code: | N5W 3E6 |
| Province/State: | Middlesex |
| Legal Description: | PART LOTS 2 AND 3 PLAN 554 AS IN 344251 |
| Directions/Cross Streets: | Corner of Dundas St and Avondale Rd. |
| 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: | Multi-Use |
| Use: | Automotive Related |
| Building Percentage: | T |
| Total Area: | 1517.47 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 51-99 |
| Sprinklers: | No |
| Washrooms: | 3 |
| Heat Type: | Water Radiators |
| Central Air Conditioning: | No |
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| STREETCITY REALTY INC. |
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Wally Islam
Real Estate Broker
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416-949-2626
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905-913-8585
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East H |
| Approximate Age: | 51-99 |
| Tax: | $3,571 |
| Baths: | 3 |
| Fireplace: | N |
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