Very Attractive Mixed use property on Clarence street between Dundas and Queen Avenue. The property consists of two main floor retail/restaurants, one 2nd floor apartment and one 2nd floor retail/office. Total gross floor area of approx 4,939 sq ft on 5,403 sq ft of land. Nooners restaurant - approx 2,710 sq ft pays $2,500 per month plus utilities. WOW Shwarma - approx 1,190 sq ft paying $2,180 per month plus utilities. 2nd level Berkana Salon approx 387 sq ft paying $800 per month plus hydro. 2nd level apartment approx 571 sq ft paying $1,000 plus hydro. All Tenants paying well below market value. Projected Gross income approx $115,000.00 annually. Lots of upside to this property.
MLS# | X8204570 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Extension |
Days On Site | 234 |
Listing Provided By | ROYAL LEPAGE TRILAND REALTY | Not Provided |
SQ Feet | 5,403 |
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State | ON |
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County | Middlesex |
City | London |
Zip Code | N6A 3M8 |
Area | East F |
Listing VS Median (in N6A 3M8) | |
Price: $1,100,000 low | high Med: $1,100,000 SqFt: 5,403 low | high Med: 5,403 $ / SqFt: $204 low | high Med: $204 On Site: 234 low | high Med: 234.000000 |