697 Hale Street
$1,499,900
697 Hale Street
East N, London East · MLS® X13676564
6,171 sq ft · 0 sq ft lot · House · Multi-family · 71 days on market
listed by JOHNNY RASHMAWI, RIGHT AT HOME REALTY
realtor's description
ATTENTION INVESTORS: Fully renovated turn-key 8-unit mixed use building plus unfurnished basement. Seven residential suites - 3 bachelor, 2 one-bedroom, 2 two-bedroom - over a ground floor commercial pizza store. Every residential unit has been completely renovated: new flooring, paint, doors, kitchens, bathrooms and appliances. In-suite laundry in units 4 & 5. Major works completed 2026: new steel roof, new steel vents, new exterior lighting throughout, new windows with protectors, new concrete sidewalk, and new vapor barrier through the basement wall. All seven residential units and one commercial unit are vacant with immediate possession - the buyer sets market rent from day one with no inherited tenant issues. Projected gross scheduled income of $132,960 annually based on current market rents. Unfinished basement includes multiple storage areas plus a bathroom rough-in - unpriced upside. Parking at the rear can fit 7 cars at a time. Corner exposure at Dundas & Hale St. Nothing left to do but lease it up!
property details
- type
- House, Multi-family
- living area
- 6,171 sq ft
- lot
- 0 sq ft
- parking
- 0
- property tax
- $5,472 / yr
- days on market
- 71
- MLS®
- X13676564
features
- Irregular lot size
monthly cost
$6,991/mo
Mortgage $6,535 · Tax $456
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
location
East N, London EastGoogle Maps ↗
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