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. (id:47423)
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Detailed Information
Lot
41 x 0 ft
Listing Contract Date
2025-02-11
Location Description
Richmond St
# of Parking Spaces
8
Property Type
Retail
Transaction Type
For sale
Zoning Description
DA1
Building
Cooling Type
Fully air conditioned
Heating Type
Radiant heat
Utility Water
Municipal water
Land
Total Size
41 FT
Size of Irregular Land
41 FT
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