697 Hale Street, London, Ontario N5W 1J1 (22845267)


697 Hale Street London, Ontario N5W 1J1

6 Bedroom
None Baseboard Heaters


7-PLEX Multi-tenant investment opportunity with 5% CAP RATE! Property zoned for mixed commercial residential. Excellent location with proximity to Fanshawe College and the downtown core. Exposure on busy Dundas Street. All units are currently tenanted. Ask listing agent for more information and income generated. Outdoor building square footage: total of 5871 sq ft. Currently zoned for 3 main floor commercial units (can be reorganized with several uses) and 4 upper residential units (2 bachelors and 2 two bedrooms). Entire property was renovated and updated in 2015 with City permits. Those updates include; exterior vinyl/steel siding, roof, windows, doors, plumbing, electrical, flooring, washrooms, kitchens, breakers, stairs, fire-resistant drywall, insulation, basement steel beams, hot water tanks, the list goes on. Units are individually temperature controlled, separately metered and individual breaker systems. Owner pays water and common-area hydro. Additional income provided from coin-operated laundry in the basement. Seven car parking at the rear. Very low operating and maintenance costs! (id:29438)

Property Details

MLS® Number 40070337
Property Type Multi-family
Amenities Near By Airport, Hospital, Playground, Public Transit, Schools, Shopping
Communication Type Internet Access
Community Features Community Centre, School Bus
Equipment Type None
Features Paved Driveway, Shared Driveway, Laundry- Coin Operated
Parking Space Total 7
Rental Equipment Type None


Bedrooms Total 6
Age New Building
Basement Development Partially Finished
Basement Type Full (partially Finished)
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Aluminum Siding, Metal
Fire Protection Smoke Detectors
Fireplace Present No
Foundation Type Block
Heating Type Baseboard Heaters
Stories Total 2
Utility Water Municipal Water




Access Type Road Access, Highway Nearby
Acreage No
Land Amenities Airport, Hospital, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Frontage 75 Ft
Size Total Text Under 1/2 Acre
Zoning Description Asa4/asa5


Cable Available
Electricity Available
Natural Gas Available
Telephone Available


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