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$ 1,699,000
Est. payment | /mo
10,000 SqFt
$ 1,699,000
Est. payment | /mo
10,000 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $169
Subdivision East K
MLS Listing ID X11968374
Annual Tax Amount $14,392
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
Located in the heart of downtown London, 143-145 King Street is a fully tenanted, mixed-use commercial property offering an exceptional investment opportunity. Zoned DA1(6)*D350, this turn-key building features one commercial unit spanning 4,500 square feet, along with eight residential units, consisting of four one-bedroom and four studio apartments. The property also includes eight parking spots at the rear of the building. Each residential unit is independently metered for hydro and equipped with its own hot water tank. With a gross annual rental income of $160,044, the property delivers a strong return on investment with significant potential for future growth. Positioned in a high-traffic area, it is ideally located near major downtown attractions such as Canada Life Place, Covent Garden Market, VIA Rail, restaurants, bars, and shopping. Situated within the Downtown Heritage Conservation District, this property seamlessly blends historical charm with modern investment potential, making it a valuable addition to any savvy investors portfolio.
Location
Province ON
County Middlesex
Community East K
Area Middlesex
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 41.0
Others
Security Features No
Listed by ROYAL LEPAGE TRILAND REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN