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$ 3,800,000
Est. payment | /mo
4 Baths
10,000 SqFt
$ 3,800,000
Est. payment | /mo
4 Baths
10,000 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $380
Subdivision East K
MLS Listing ID X13568182
Annual Tax Amount $32,729
Tax Year 2026
Property Sub-Type Investment
Lot Depth 328.0
Lot Front 100.2
Property 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.
Location
Province ON
County Middlesex
Area Middlesex
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 100.2
Lot Depth 328.0
Building
Building Age 31-50
Others
Security Features No
ParcelsYN No
Listed by CENTURY 21 FIRST CANADIAN CORP
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