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:61716)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X13676564 |
| Property Type | Multi-family |
| Neigbourhood | East London |
| Community Name | East N |
| EquipmentType | Water Heater |
| Features | Irregular Lot Size |
| RentalEquipmentType | Water Heater |
Building
| CoolingType | None |
| HeatingType | Baseboard Heaters |
| SizeInterior | 6171 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 116 Ft ,11 In |
| SizeFrontage | 75 Ft ,5 In |
| SizeIrregular | 0.11 |
| SizeTotal | 0.11 Ac |
| SizeTotalText | 0.11 Ac |
| ZoningDescription | Asa4/asa5 |
https://www.realtor.ca/real-estate/30157052/697-hale-street-london-east-east-n-east-n
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August 14 2026 05:20:52
London and St. Thomas Association of REALTORS®
Right At Home Realty
