50 RIDOUT Street S

Other For Sale in London, Ontario

$11,650,000
Once in a generation property A+ Asset for Sale. This Triple Brick 36 Unit building (12 X 1+Den and 24 X 1 Bed) has Terazzo Floors. New Roofs on all 3 buildings plus garage while backing onto the Thames River. Building lot line goes right to the river and comes with 4 Full Detached garages. A Block from Wortley Village, 2 blocks from Downtown with bus stop outside. Building has always been fully tenanted and has a wait list. 52% of the building has been turned over with single professionals to market rent over the last 7 years. Building Nets 340k annually with potential of well over 500k with Airbnb. 3% Cap. Den size in 1+Den are 7 X 6. Electrical copper. Plumbing Feed lines copper. Owner will carry a 10% VTB if required. (id:4069)
Address 50 RIDOUT Street S
List Price $11,650,000
Property Type Other
Area Ontario
Sub-Area London
Year Built 1940
MLS® Number 40239641
Listing Brokerage THRIVE REALTY GROUP INC.
Basement Area Partial (Unfinished)
Postal Code N6C3W6
Zoning R3-1
Features Laundry- Coin operated

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Michael Van Houdt

163 Commissioners Rd West, Suite 6A London ON N6J 1X9

Phone: 519-204-5055

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