667-669 DUNDAS STREET E, London East (East L)667-669 DUNDAS STREET E, London East (East L) — photo 2
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For Sale · Retail

667-669 DUNDAS STREET E, London East (East L)

667-669 DUNDAS STREET E, London East (East L), ON N5W2Z1

$649,000 total

4,000 SF

Asset Class

Retail

Size

4,000 SF

Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

$162

Occupancy

97%

About this property

Excellent Investment Opportunity In The Heart Of Old East Village! Renovated Freestanding Commercial Building Featuring Two Street-Front Retail Units With Approximately 36 Ft Of Total Frontage And 112 Ft Of Depth. Both Units Include Basement Space With A Total Of Four Washrooms. The Units Are Interconnected, Allowing Flexibility For Use As One Large Space Or Two Separate Units. Both Units Are Currently Leased With A 5-Year Lease Term, Generating A Combined Monthly Rent Of $4,000 Plus HST, Including TMI. Commercial Zoning Permits A Variety Of Business Uses, Subject To Municipal Approvals. Convenient Street Parking At The Front And Additional Municipal Parking At The Rear. Great Opportunity For Investors Seeking An Income-Generating Commercial Property In A Desirable Location. Contact The Listing Agent For More Details Or To Arrange A Viewing. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$649K
Down payment30% · $195K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$42K

Annual cash flow

$6K

Cash-on-cash

3.18%

DSCR

1.17

Going-in cap

6.50%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Vector Robotics3,872 SF2031-07

Area demographics

Trade area within 3 miles of the property.

Population

62,414

Households

27,752

Median income

$87,000

Median age

42.1

Daytime population

100,746

5-yr growth

6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 667-669 DUNDAS STREET E, London East (East L).

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.