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434-436 Clarence Street London, Ontario N6A 3M8

4939

$1,150,000

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. (id:46638)

Property Details

MLS® Number 40566753
Property Type Office
Amenities Near By Public Transit
Community Features High Traffic Area
Parking Space Total 2
Sign Type Signband

Building

Basement Type Partial
Exterior Finish Brick, Concrete
Foundation Type Poured Concrete
Stories Total 2
Size Exterior 4939.0000
Size Interior 4939
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Public Transit
Sewer Municipal Sewage System
Size Depth 111 Ft
Size Frontage 44 Ft
Size Total Text Under 1/2 Acre
Zoning Description Da2

Utilities

Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/26707383/434-436-clarence-street-london

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Royal LePage Triland Realty
103-240 Waterloo Street
London, Ontario N6B 2N4

(519) 672-9880
(519) 672-5145
www.royallepagetriland.com