Excellent Investment Opportunity Income Generating Truck Yard Rare opportunity to acquire two lots totaling approximately 1.
30 & 40 Durrow Street
London South N6E 3T7
Canada
Listing
| Web ID: | 5831109 |
|---|---|
| Website: | https://www.nestseekers.com/5831109 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Land |
Financials
Price:C1,699,999
($1,215,900)
(€1,086,200)
Annual Taxes:C23,900
Description
Excellent Investment Opportunity - Income-Generating Truck Yard Rare opportunity to acquire two lots totaling approximately 1.66 acres (0.83 acres each), featuring a fully fenced and gated truck and trailer yard with a gravel-covered surface. The yard accommodates approximately 40-45 trucks and trailers.The property is currently generating approximately $9,000-$10,000 per month in rental income. Approximately $200,000-$300,000 has been invested in site improvements, including fencing, gates, and yard preparation. Phase I and Phase II Environmental Site Assessment reports areavailable. The property's zoning also permits a truck repair facility, offering future development and business expansion potential, subject to applicable municipal approvals. Ideal for investors, fleet operators, and trucking companies seeking immediate rental income with long-term potential.