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1843 DUNDAS STREET E London East

1843 DUNDAS STREET E, London East

$699,999

  • 3
1,517 Square Feet
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. (id:58875)
  • Listing ID: X12173558
  • Property Type: Retail
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Details

  • Parking Spaces: 7
  • Transaction: For sale
  • Zoning Description: ASA5 RS

Building

  • Fireplace Present: False
  • Bathrooms (Total): 3
  • Heating: Hot water radiator heat
  • Size Interior: 1517 sqft
  • Utility Water: Municipal water

Land

  • Size Depth: 148 ft ,8 in
  • Size Frontage: 70 ft ,3 in
  • Size Irregular: 70.28 x 148.69 FT

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    This property for sale is located at 1843 DUNDAS STREET E in London East. It was last modified on June 20th 2025. Let us connect you with one of our real estate agents to schedule a viewing or to discover other London East properties for sale.

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