$1,100,000
Available - For Sale
Listing ID: X8204570
434-436 Clarence St , London, N6A 3M8, Ontario
| 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: | $23264.95 |
| 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: | 44.00 x 110.92 (Feet) |
| Directions/Cross Streets: | Between King & Queens Ave. |
| Category: | Multi-Use |
| Use: | Hospitality/Food Related |
| Building Percentage: | Y |
| Total Area: | 5403.00 |
| 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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| ROYAL LEPAGE TRILAND REALTY |
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Mina Nourikhalichi
Broker
Dir:
416-882-5419
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial/Retail |
| Area: | Middlesex |
| Municipality: | London |
| Lot Size: | 44.00 x 110.92(Feet) |
| Tax: | $23,264.95 |
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