616 Dundas
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+20 more
$350,000

616 Dundas

London East (East G), Ontario, N5W2Y8

Active
3,800
Sq Ft
6
Parking

About This Property

This retail in London East (East G) offers 3,800 sq ft of living space. The home features baseboard heaters heating, none.

MLS Remarks

Old East Village gem ready for your elegant touches: Welcome to 616 Dundas St. Have you wanted to be the master of your destiny by operating a successful business in a vibrant part of the City, while you and your family enjoy a spacious onsite residence right above? It really is the Canadian dream--and you can have it--in Downtown London, Ontario! Called the Forest City, it is designated as one of Canada's top cities due to it's leafy tree-lined streets, world class hospitals and top University & College! This property is located just steps from the birthplace of insulin; Sir Frederick Bantings' Museum; The Western Fair District & Kelloggs Entertainment Hub. Acquire this unique property complete with 2 stores, operate them separately or together. Some miscellaneous items remain from when the previous shopkeeper had Gifts & More, and these are included. There are also two basement level spaces with separate front street access which can be used as storage or rented out. Upstairs find a spacious 2 bedroom residence with 1 bath and a large living space plus roomy dining/office combo plus with an upper level deck for recreational use. Out back there is plenty of parking accessed by a private lane. This property needs a little love and some elbow grease, but once done, it can be, again, one of London's most significant retail spaces! Ask about the cities' loans and grants like: Façade Improvement Loan; Upgrade to Building Code Loan; Core Area Safety Audit Grant; Rehabilitation and Redevelopment Tax Grant; Residential Development Charges Grant. This is a lovely retail/residential property and is a must see! Book your viewing today. (id:60351)

Overview

Property Typeresidential
Sub-Typeretail
StatusActive
MLS #X12815342

Interior

HeatingBaseboard heaters
CoolingNone

Parking

Total Spaces6

Fees & Taxes

Annual Taxes$7,500

Listing Information

MLS#: X12815342


Information is deemed reliable but not guaranteed. Data provided by the Canadian Real Estate Association (CREA) through the Data Distribution Facility (DDF). Listing data is updated regularly but may not reflect the most current information. All information should be independently verified.

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Mortgage Calculator

$
$70,000
5%20%50%
Estimated Monthly Payment
$1,556
/month
Mortgage
$280,000
Total Interest
$186,899

For illustration purposes only. Consult a mortgage professional for accurate rates.

Land Transfer Tax

$
Ontario LTT$3,725
Total Due on Closing$3,725

Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.

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