Prime investment opportunity in central London.
| Website: | https://www.nestseekers.com/5637783 |
|---|---|
| Address: | London East N6B 1R1 Canada |
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Bathrooms: | 4 |
Financials
Price:C3,800,000
($2,745,700)
(€2,352,800)
Annual Taxes:C32,729.77
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 5.4% 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.
Amenities
- Available
Angelo Ferlisi 9 Queen Street Unit 7, Cookstown, Ontario Phone: +1 905-851-9099 |
