$1,100,000 FOR SALE

Commercial/Retail

Lot: 44 x 110.92 ftTotal Area: 5,403 ft2
2023 Taxes: $23,264.95

434-436 Clarence St
London, ON N6A 3M8 | Middlesex

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.

Share

Listed By ROYAL LEPAGE TRILAND REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8204570
Last Updated Jun 28, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Use Hospitality/Food Related
Category Multi-Use
PIN 082650057
Legal Description PT LT 5 SW QUEENS AV AS IN LC185798; S/T LC185798, 637993 DESCRIPTION IN LC185798 MAY NOT BE ACCEPTABLE IN FUTURE" LONDON
Occupancy Own+Ten
Possession Date Flexible
Taxes (2023) $23,264.95
Tax Type Annual
Assessment (2023) $533,000
Directions/Cross Streets Between King & Queens Ave.
Area Middlesex
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 44 x 110.92 ft
Lot Irregularities 66.18x7.68x44.19x44.44x110.68 x 51.61 ft
Retail Area 3,800 ft2
Office/Apt Area 387 ft2
Total Area 5,403 ft2
Elevator None
Air Conditioning Part
Basement Y
Garage Type None
Parking Spaces 3
Heat Type Gas Forced Air Closd
Area Influences Public Transit
Soil Test N
Sprinklers N
Utilities A
Water Municipal
Lot/Bldg/Unit Code Building
Zoning DA2
Seller Property Info Statement N

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.