$2,199,000 FOR SALE

Commercial/Retail

Lot: 45.08 x 111.14 ftTotal Area: 4,400 ft2
2024 Taxes: $36,728

206 Central Ave
London, ON N6A 1M7 | East F | Middlesex

FABULOUS PROPERTY ON RICHMOND ROW. ANCHOR TENANT IS BURRITO BOYZ. 4 LUXURY APARTMENTS WITH 11 BEDROOMS IN TOTAL. HIGH END LUXURY FINISHES. LOCATED JUST STEPS OFF RICHMOND, WEST ON CENTRAL WITH LOTS OF PARKING IN THE BACK. RARE OPPORTUNITY TO OWN A LUXURY BUILDING IN THE HEART OF RICHMOND ROW. GROSS INCOME OVER $174.000 A YEAR. BURRITO BOYZ HAVE SIGNED A NEW 10 YEAR LEASE. ALL APARTMENTS HAVE LAMINATE FLOORS. CERAMIC, QUARTZ COUNTERTOPS. 5 APPLIANCES. 2-4 BEDROOM UNITS HAVE 2 FULL BATHS, 1-2 BEDROOM AND A 1-1 BEDROOM APT. CONTROLLED ENTRY.

Extras
Assumable 1st Nat. bal. $1,169,403.81 @ ded.31,2023 @ 5.35% payments P&I Due Nov 1,2025 with $500,000 down seller will hold 2nd @ 2%

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Listed By SUTTON GROUP - SELECT REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9049763
Last Updated Sep 05, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Use Hospitality/Food Related
Category Multi-Use
PIN 082630188
Legal Description PART OF LOTS 1&2 PLAN 167 (W) 33R-5397
Occupancy Tenant
Possession Date FLEXIBLE
Taxes (2024) $36,728
Tax Type Annual
Directions/Cross Streets RICHMOND
Neighbourhood East F
Area Middlesex
Price History
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Detailed Information
Freestanding Y
Lot 45.08 x 111.14 ft
Retail Area 1,400 ft2
Office/Apt Area 3,000 ft2
Total Area 4,400 ft2
Approximate Age 51-99
Air Conditioning Y
Basement Y
Garage Type None
Parking Spaces 9
Heat Type Gas Forced Air Open
Expenses Actual/Estimated Act
Sprinklers Y
Sewers Sanitary
Utilities Y
Water Municipal
UFFI No
Lot/Bldg/Unit Code Lot
Zoning BDC
Seller Property Info Statement N

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