434-436 Clarence Street, London, ON N6A 3M8

London N6A 3M8 Ontario

MLS: X8204570

$1,100,000

Added 58 days ago | For Sale

Listed by: ROYAL LEPAGE TRILAND REALTY

About Property

Very Attractive Mixed use property on Clarence street between Dundas and Queen Avenue. The property consists of two main floor retail/restaurants, one 2nd floor apartment and one 2nd floor retail/office. Total gross floor area of approx 4,939 sq ft on 5,403 sq ft of land. Nooners restaurant - approx 2,710 sq ft pays $2,500 per month plus utilities. WOW Shwarma - approx 1,190 sq ft paying $2,180 per month plus utilities. 2nd level Berkana Salon approx 387 sq ft paying $800 per month plus hydro. 2nd level apartment approx 571 sq ft paying $1,000 plus hydro. All Tenants paying well below market value. Projected Gross income approx $115,000.00 annually. Lots of upside to this property.

Features

  • House Style:Commercial Retail
  • Bathrooms:
  • Land Size: 44 X 110.92
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Between King & Queens Ave.
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $23264.95
  • Bedrooms:
  • Total Parking Spaces:3
  • Parking Places:3
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X8204570

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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