50 RIDOUT Street S

Multi-family For Sale in London, Ontario

$11,650,000
  • 36 Beds
  • 36 Baths
  • 26,000 Sq. Ft.
  • Built 1940
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 rents over the last 7 years. Building Nets 340k Annually with potential of well over 500k with Airbnb. Den size in 1+Dens are 7 X 6. Owner will carry a 10% vtb if required. (id:4069)
Address 50 RIDOUT Street S
List Price $11,650,000
Property Type Multi-family
Area Ontario
Sub-Area London
Bedrooms 36
Bathrooms 36
Floor Area 26,000 Sq. Ft.
Year Built 1940
MLS® Number 40239157
Listing Brokerage THRIVE REALTY GROUP INC.
Basement Area Partial (Unfinished)
Postal Code N6C3W6
Zoning R3-1
Features Southern exposure, Paved driveway, 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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