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• 434-436 Clarence St, London, ON N6A 3M8

$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

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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.

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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: London Commercial/Retail for Sale
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

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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

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