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 |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
ROYAL LEPAGE TRILAND REALTY |
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Book Showing | Email a Friend |
Type: | Com - Commercial/Retail |
Area: | Middlesex |
Municipality: | London |
Lot Size: | 44.00 x 110.92(Feet) |
Tax: | $23,264.95 |