Property Details

174 KING Street, London, Ontario, N6A1C6

174 KING Street, London, Ontario, N6A1C6 (ID 40189538)
Representative
Stacey Burr portrait
Stacey Burr
Sales Representative
RE/MAX Centre City Realty Inc., Brokerage - London*
Cell: 226-927-7502
Tel: 519-667-1800

$5,000,000 - For sale

ID#:40189538

Its your time to own a building in Downtown London with 31 bachelor units and 1 restaurant with a net operating income of $277,235.12 annually. The majority of the units have been renovated, furnished and are now renting in downtown London for top dollar with room to grow to $300,000 NOI. Each unit has a private 3 pc bath, 1 bedroom area, kitchenette, large windows and heated floors. One untouched major feature is the large open Atrium perfect for the tenants relaxing after a long day or for future use you could turn this into your games room or entertainment space for tenants. The restaurant tenant is Massey Indian Cuisine paying their share of the taxes and $2847.60 per month in rent. Please see video and Matter Port links for a virtual showing and ask your agent for a copy of the numbers. Phase 1 and Phase 2 Available. (id:2471)

Location DescriptionRICHMOND STREET, EAST ON KING

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Property Details
  • Property Address:174 KING Street, London, Ontario, N6A1C6
  • Property Type:Office
  • Title:Freehold
  • Acreage:under 1/2 acre
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
Structure Details for 174 KING Street, London, Ontario, N6A1C6
  • Heating Type:In Floor Heating, Hot water radiator heat, Radiator, Steam radiator
  • Style:Attached
  • Storeys:2
  • Flooring:Carpeted, Laminate
  • Basement Type:None
  • Cooling Type:Wall unit
  • Exterior Type:Brick
Amenities for 174 KING Street, London, Ontario, N6A1C6 Paved driveway, Shared Driveway, Laundry- Coin operated, High Traffic Area, Community Centre
  • Amenities Nearby:Airport, Public Transit, Shopping
Representative
Stacey Burr portrait
Stacey Burr
Sales Representative
RE/MAX Centre City Realty Inc., Brokerage - London*
Cell: 226-927-7502
Tel: 519-667-1800
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174 KING Street, London, Ontario, N6A1C6

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