434-436 Clarence ST Active

London,ON N6A 3M8

$ 1100000

- Bed

- Bath

5403 SqFt


Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 5,403 sqft

Price per Sqft $203

MLS Listing ID X8204570

Annual Tax Amount $23,264

Tax Year 2023

Property Description

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.

Location

Province ON

County Middlesex

Community Public Transit

Area East F

Interior

Cooling Partial

Exterior

Garage Spaces 3.0

Community Features Public Transit

Utilities Available Available

Parking Type None

Others

Security Features No

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