Address
174 KING Street London, ON
Price
$ 5,000,000
Property Attributes
  • ID#40189538
  • TypeCommercial
  • CityLondon
  • Postal CodeN6A 1C6
  • Style
  • Price$ 5,000,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
THE AGENCY REAL ESTATE
Data Source:
Canadian Real Estate Association
Property Description

Its your time to own a building in Downtown London with 31 bachelor units and 1 restaurant with a net operating income of $263,152.68 annually. The majority of the units have been renovated, furnished and are now renting in downtown London for top dollar with room to grow to $300,000 NOI. Each unit has a private 3 pc bath, 1 bedroom area, kitchenette, large windows and heated floors. One untouched major feature is the large open Atrium perfect for the tenants relaxing after a long day or for future use you could turn this into your games room or entertainment space for tenants. The restaurant tenant is Massey Indian Cuisine paying their share of the taxes and $2847.60 per month in rent. Please see video and Matter Port links for a virtual showing and ask your agent for a copy of the numbers. Phase 1 and Phase 2 Available. (id:7434)

General Features

Ammenities Airport, Public Transit, Shopping
Building Cooling Type Wall unit
Community Features High Traffic Area, Community Centre
Features Paved driveway, Shared Driveway, Laundry- Coin operated
Fixture Ceiling fans
Location Description RICHMOND STREET, EAST ON KING
More Information Link https://www.realtor.ca/real-estate/23847282/174-king-street-london
Ownership Type Freehold
Property Type Other
Zoning Description H-3; DA1(6);D350

Interior Features

Basement Type None
Building Fireplace Present False
Building Heating Type In Floor Heating, Hot water radiator heat, Radiator, Steam radiator
Construction Style Attachment Attached
Flooring Type Carpeted, Laminate

Exterior Features

Exterior Finish Brick
Land Amenities Airport, Public Transit, Shopping
Parking Space Total 9
Sewer Municipal sewage system

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in N6A 1C6

Price
AVG $5M
$5M
Visits
AVG 2
2

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