- Bedrooms
- 0
- Bathrooms
- 4
- Square Feet
- —
- Year Built
- —
- Lot Size
- 100.2 × 328 Feet
- Property Type
- Investment
- Neighbourhood
- London East
- Status
- For Sale
About this home
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.
Features
- Approximate age: 31-50
- Garage: None
- Cooling: Yes
- Heating: Gas Forced Air Closed
Location
Approximate location, geocoded from the listing address.
Keep exploring
More homes you may like
For Sale$119,900
198 Springbank Drive, Unit 65
London South · London, ON
- Bedrooms
- 1 Beds
- Bathrooms
- 1 Baths
- Square footage
- 700–1,100 Sq Ft
For Sale$499,000
5 Cadeau Terrace, Unit 19
London South · London, ON
- Bedrooms
- 2 Beds
- Bathrooms
- 3 Baths
- Square footage
- 1,600–1,799 Sq Ft
For Sale$449,900
131 Bond Street
London South · London, ON
- Bedrooms
- 2 Beds
- Bathrooms
- 2 Baths
- Square footage
- 700–1,100 Sq Ft