1062 - 1066 Dundas Street E,London East, ON N5W 3A6
London East, ON N5W 3A6
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.
Details
| MLS # | X13602992 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 111 |
| Listing Provided By | CENTURY 21 FIRST CANADIAN CORP | X13602992 371303 |
Features
| SQ Feet | 5,400 |
|---|---|
| Acreage | 0.12 |
Interior
| Cooling | Partial |
|---|
Exterior
| Community Features | Major Highway, Public Transit |
|---|---|
| Security Features | No |
Utilities
| Utilities | Available |
|---|
Taxes
| Tax Annual Amount | 7422.75 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | PART LOT 10 NORTH OF DUNDAS STREET PLAN 316(3RD) AS IN LC182164 LONDON |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Middlesex |
| City | London East |
| Postal Code | N5W 3A6 |
| Area | East G |
| Listing VS Median (in N5W 3A6) | |
Price: $1,100,000 low | high Med: $1,100,000 sqft: 5,400 low | high Med: 5,400 $ / sqft: $204 low | high Med: $204 On site: 111 low | high Med: 111 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Middlesex |
| City | London East |
| Postal Code | N5W 3A6 |
| Area | East G |
| Listing VS Median (in N5W 3A6) | |
Price: $1,100,000 low | high Med: $1,100,000 sqft: 5,400 low | high Med: 5,400 $ / sqft: $204 low | high Med: $204 On site: 111 low | high Med: 111 | |