InvestmentActive

697 Hale Street

697 Hale Street, London East, ON N5W 1J1·MLS® X13676564

$1,499,900

Annual taxes: $5,472 (2025)

Bedrooms

Bathrooms

6,171

Sqft

Approx. Age

Property Overview

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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