Get $2,748 Cash Back
880 DUNDAS STREET E, London East (East L) — listed at $1,099,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Turnkey 6-plex in the heart of London Old East Village, steps to the new Hard Rock Hotel. Featuring three 1-bedroom units and three bachelor units. These renovated units showcase upgraded laminate flooring throughout, modern white kitchens with subway tile back splash and completely refreshed bathrooms. Four of the six units are on separate hydro meters. Newer high efficiency combination boiler and tankless hot water have recently been installed. Upgraded windows, doors, fire safety equipment and more. Additional income from the coin operated laundry within the building. Currently pulling an annual rental income of just under $84,000. A truly turnkey, cash-flowing asset, with an assumable CMHC loan in place, this cash-cow is the perfect addition to any portfolio. (id:60164)
Does it have a basement, and is it finished?+
Yes — Finished, Full. A finished basement adds meaningful living space beyond the listed square footage.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $2,279.17, heating is natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the home heated? Is it efficient?+
Heating is natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What makes this a luxury property?+
At $1,099,000, standout features include 6 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
What's the parking situation?+
This property includes 1 space — No Garage.
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