Prime high-visibility corner investment property located at 1066 Dundas St, consisting of three connected buildings with multiple income streams. The property currently generates approximately $106,600 in annual income.1062 Dundas St operates as a well-established owner-run laundromat generating approximately $50,000/year, with the business included in the sale.1064 Dundas St is leased to a barber shop at $10,200/year plus utilities.1066 Dundas St features a main floor retail unit rented for $1,700/month, a two-bedroom apartment rented for $1,250/month, and a rear one-bedroom unit currently owner-occupied with rental potential of approximately $1,000/month. The partially finished basement is currently used as a workshop. Strategically located next to The Factory entertainment complex and the Hard Rock Hotel development, this area is experiencing significant revitalization and growth, bringing increased foot traffic, tourism, and business activity. The property benefits from excellent exposure, strong street presence, and proximity to downtown London amenities. DC zoning allows for a wide range of commercial and residential uses, offering excellent future redevelopment or value-add potential. EXTRAS: Property sold "as is, where is" with no warranties or representations. No financial statements available due to Seller's age. HST is in addition to the purchase price.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
Yes
Approx. Age:
31-50
Total Area:
5400 sq. ft. Square Feet
Total Area:
5,400 sq. ft.502 m2
Retail Area:
2400 sq. ft. Sq Ft
Lot Depth:
108'2"33 m
Lot Frontage:
50'15.2 m
Lot Shape:
Rectangular
Water supply:
Municipal
Zoning:
BDC Retail,one storey, generally under 10,000 sf
Heating type:
Gas Forced Air Closed
Clear Height:
10'3.05 m
Survey Available:
No
Garage:
None
Parking Spaces:
10
HST Applicable To Sale Price:
In Addition To
Development Charges Paid:
Unknown
Type Taxes:
Annual
Taxes:
$7,422.75 /
2025
Assessment:
$- /
-
Middlesex
London East
East G
Major Highway, Public Transit
No
Hot water tank
LAUNDRY BUSINESS INCLUDES 7 COMMERCIAL SINGLE WASHERS AND 6 COMMERCIAL DRYERS
All sewing machines, fridges in 1062&1064 Dundas basement are excluded.
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