This attractive property in Dundas offers a total of 39 residential units and 4 commercial units, making it a highly sought-after investment opportunity. Situated at the corner of York Road and Watsons Lane, the property boasts stunning views of Lake Jojo and provides over 35,000 square feet of space for both residential and commercial purposes.
The ground floor has recently undergone renovations to accommodate 17 studio apartments, a commercial kitchen, and 3 commercial units. Additionally, 63% of the commercial space has already been leased at market rent, providing a steady, long-term income stream. On the second floor, there are 22 apartment units, consisting of 20 two-bedroom units and 2 one-bedroom units. These units are currently leased below market rents, presenting a significant opportunity for increased revenue for the new owner.
With over 70% of the property designated for residential use, attractive financing options are available through CMHC. The property also features two parking lots with a total of 50 parking stalls, providing ample parking space for residents and commercial tenants. A proforma is available upon request for potential buyers to review.
For those interested in purchasing this property, it is conveniently located at 211 York Road in Dundas, Ontario. The land size measures 332.87 x 218 acres, and the property is equipped with air conditioning and forced air heating. The postal code for this property is L9H1M9, and it is currently listed for sale.
