697 Hale Street London East, Ontario N5W 1J1
$1,499,900
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! (id:38604)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X13676564 |
| Property Type | Multi-family |
| Community Name | East N |
| Equipment Type | Water Heater |
| Features | Irregular Lot Size |
| Rental Equipment Type | Water Heater |
Building
| Cooling Type | None |
| Heating Type | Baseboard Heaters |
| Size Interior | 6,171 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 116 Ft ,11 In |
| Size Frontage | 75 Ft ,5 In |
| Size Irregular | 0.11 |
| Size Total | 0.11 Ac |
| Size Total Text | 0.11 Ac |
| Zoning Description | Asa4/asa5 |
https://www.realtor.ca/real-estate/30157052/697-hale-street-london-east-east-n-east-n
Contact Us
Contact us for more information
Johnny Rashmawi
Salesperson
(519) 649-6900
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August 14 2026 05:20:52
London and St. Thomas Association of REALTORS®
Right At Home Realty