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 |
