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$699,999
Available - For Sale
Listing ID: X12173558
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: $3,571
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Partial
Address: 1843 Dundas Street 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.
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Multi-Use
Use: Automotive Related
Building Percentage: T
Total Area: 1,517.47
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Approximatly Age: 51-99
Maintenance: 0
Sprinklers: No
Heat Type: Water Radiators
Central Air Conditioning: No
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STREETCITY REALTY INC.

1843 Dundas Street East , London East, N5W 3E6, Middlesex

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Maria Tompson
Sales Representative
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416-548-7854
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416-981-7184

 
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At a Glance:
Type: Com - Commercial Retail
Area: Middlesex
Municipality: London East
Neighbourhood: East H
Style:
Lot Size: x 148.69(Feet)
Approximate Age: 51-99
Tax: $3,571
Maintenance Fee: $0
Beds: 0
Baths: 3
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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