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$1,100,000
Available - For Sale
Listing ID: X8204570
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.
Price $1,100,000
Taxes: $23,264.95
Tax Type: Annual
Assessment: $533000
Assessment Year: 2023
Occupancy by: Own+Ten
Address: 434-436 Clarence St , London, N6A 3M8, Ontario
Postal Code: N6A 3M8
Province/State: Ontario
Legal Description: PT LT 5 SW QUEENS AV AS IN LC185798; S/T
Lot Size: 44 x 110.92 (Feet)
Directions/Cross Streets: Between King & Queens Ave.
Zoning: DA2
Category: Multi-Use
Use: Hospitality/Food Related
Building Percentage: Y
Total Area: 5,403
Total Area Code:  Sq Ft
Office/Appartment Area: 387
Office/Appartment Area Code: Sq Ft
Retail Area: 3800
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Sprinklers: N
Soil Test: N
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Part
Elevator Lift: None
Water: Municipal
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE TRILAND REALTY

434-436 Clarence St , London, N6A 3M8, Ontario


 
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Type: Com - Commercial/Retail
Area: Middlesex
Municipality: London
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Lot Size: 44.00 x 110.92(Feet)
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Tax: $23,264.95
Maintenance Fee: $0
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