700 York Street,London East (East L), ON N5W2S8
London East (East L), ON N5W2S8
Description
Prime opportunity to acquire a fully renovated, turnkey mixed-use commercial building in a high-visibility location. This exceptional investment is currently home to four established tenants, including a dental office, Asmara Café, a security company, and a fitness gym, providing a strong and diversified income stream. In addition, the property offers vacant space that is ideal for an owner-occupier or can be leased to generate additional rental income and enhance future returns. The favourable RSC2 and RSC4 zoning permits a wide range of commercial uses, making this an excellent opportunity for investors or business owners seeking flexibility and long-term growth potential. The building has undergone extensive renovations and capital improvements, including: Roof replacement (2018) New elevator (2017) Complete office build-out (2017) Café build-out (2019) UPS system with backup generator and automatic transfer switch (2017) Eight new HVAC units installed since 2018 This well-maintained property combines stable tenancy, modern infrastructure, and future leasing potential, making it an outstanding investment opportunity for both owner-users and investors alike. (id:13843)
Details
| MLS # | X13614158 |
|---|---|
| Listing Type | For Sale |
| Style | Offices |
| Status | Active |
| Days On Site | 90 |
| Listing Provided By | CENTURY 21 FIRST CANADIAN CORP | KAMRAN KOORAKANI |
Features
| SQ Feet | 29,097 |
|---|---|
| Zoning | RSC2 RS |
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Elevator |
|---|
Parking
| Parking Features | Other |
|---|---|
| Parking Total | 90 |
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 39224 |
|---|
Area Information
| Province | ON |
|---|---|
| City | London East (East L) |
| Postal Code | N5W2S8 |
| Listing VS Median (in N5W2S8) | |
Price: $5,800,000 low | high Med: $900,150 sqft: 29,097 low | high Med: 7,681 $ / sqft: $199 low | high Med: $60 On site: 90 low | high Med: 28.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | London East (East L) |
| Postal Code | N5W2S8 |
| Listing VS Median (in N5W2S8) | |
Price: $5,800,000 low | high Med: $900,150 sqft: 29,097 low | high Med: 7,681 $ / sqft: $199 low | high Med: $60 On site: 90 low | high Med: 28.5 | |