$1,699,000

Commercial For Sale In Central London, London, Ontario

$1,699,000

Property Information:

Location! Completely renovated mixed use residential/commercial building along Richmond Street, located just South of Queens Street, steps away from new downtown bus loop. Walking distance to Covent Garden Market, Budweiser Gardens and Fanshawe Downtown Campus. Beautiful brick and beam, this building was home to the original London Free Press in 1868. Each floor is approximately 2000 SF. Basement consists of newly renovated open concept bachelor suite with 3 piece washroom. Main floor consists of 2000 SF of retail space with separate 2 piece washroom and staff/office area, currently leased to marijuana dispensary. Second floor has 2 apartments completely renovated. Bachelor 800 SF, open concept with 4 piece bathroom leased for $1600 inclusive. Spacious 1200 SF 2 bedroom with 3 piece bathroom, living, dining, kitchen leased for $2000 inclusive. The third floor consists of 2 open concept bachelor units both with 3 piece bathrooms. Common area coin laundry for extra income, wifi payment system. Many 2023 upgrades including brand new electrical and panels for each unit, new PVC flat roof membrane with new aluminum capping and and 2.0" insulation foam, heating/cooling, plumbing, new appliances throughout, security cameras and keyless entry fob/app system for easy control of tenants. Nothing left to complete with this building. Turnkey.

Inclusions: All Appliances, Security Camera System With App. Keyless Entry Fob System On Doors.

Property Features:

  • Bedrooms: 0
  • Acres Range: Not Applicable
  • Basement: Full
  • Interior Features: High Speed Internet
  • Lot Features: Airport, Business Centre, City Lot, High Traffic Area, Hospital, Public Transit, Schools, Visual Exposure
  • Lot Frontage: 19.00 Feet
  • Road Frontage Type: Municipal Road
  • Security Features: Security Gate, Carbon Monoxide Detector(s), Security System
  • Utilities: Electricity Connected, Natural Gas Connected, Street Lights, Phone Connected
  • Water Source: Municipal
  • Zoning: h-3, DA1, D350
  • Sewer: Sewer (Municipal)

Courtesy of: STREETCITY REALTY INC., BROKERAGE

Data provided by: London St. Thomas Association of REALTORS® 342 Commissioners Rd. W., London, Ontario N6J 1Y3
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved