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$ 3,599,000
Est. payment /mo
New
420 YORK STREET London East, ON N6B1R1
4 Baths
10,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 10000
Square Footage 10,000 sqft
Price per Sqft $359
Subdivision East K
MLS® Listing ID X13881126
Lot Size 0.650 Acres
Acres 0.65
Property Description
Prime investment opportunity in central London. The property is leased to Century 21 First Canadian Realty Corp. with a net operating income of $180,000.00 until December 31, 2027 and increasing to $204,000.00 on January 1, 2028 with the lease expiring on December 31, 2032 cap rate of 5.7% based on NOI of $204,000. Building consists of approximately 10,000 square feet with 42 on site parking spaces. Completely renovated in 2006 and a new roof was installed in May of 2026 except for canopy/overhang. Plenty of residential development in the immediate area and the property abuts the Rapid Transit Line on King Street. This would make an excellent addition to any investment portfolio. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 42
Garage No
Private Pool No
Listed by CENTURY 21 FIRST CANADIAN CORP
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