697 Hale Street
$1,499,900
Annual taxes: $5,472 (2025)
—
Bedrooms
—
Bathrooms
6,171
Sqft
—
Approx. Age
Property Overview
MLS®
X13676564
Status
Active
Property Type
Commercial
Property Sub-Type
Investment
List Price
$1,499,900
Taxes
$5,472 (2025)
Lot Size
0.11 Feet
Square Footage (Exact)
6,171 sqft
Cooling
No
Sewer
Sanitary
City
London East
Postal Code
N5W 1J1
Property 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!
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Estimated Monthly
$7,361
Estimate only. Excludes property tax, insurance, condo fees, and CMHC premium. Speak to a mortgage professional for an exact figure.
Listing Brokerage
RIGHT AT HOME REALTY
Data via TRREB / AMPRE IDX
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