Prime investment opportunity in central London.


Property

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

Contact

Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario