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174 King Street London, Ontario N6A 1C6

31 Bedroom 31 Bathroom 18883
Window Air Conditioner In Floor Heating, Hot Water Radiator Heat, Radiator, Steam Radiator

$5,000,000

Its your time to own a building in Downtown London with 31 bachelor units and 1 restaurant with a net operating income of $277,235.12 annually. The majority of the units have been renovated, furnished and are now renting in downtown London for top dollar with room to grow to $300,000 NOI. Each unit has a private 3 pc bath, 1 bedroom area, kitchenette, large windows and heated floors. One untouched major feature is the large open Atrium perfect for the tenants relaxing after a long day or for future use you could turn this into your games room or entertainment space for tenants. The restaurant tenant is Massey Indian Cuisine paying their share of the taxes and $2847.60 per month in rent. Please see video and Matter Port links for a virtual showing and ask your agent for a copy of the numbers. Phase 1 and Phase 2 Available. (id:29438)

Property Details

MLS® Number 40197250
Property Type Multi-family
Amenities Near By Airport, Public Transit, Shopping
Community Features High Traffic Area, Community Centre
Features Paved Driveway, Shared Driveway, Laundry- Coin Operated
Parking Space Total 9

Building

Bathroom Total 31
Bedrooms Total 31
Basement Development Unfinished
Basement Type Full (unfinished)
Construction Style Attachment Attached
Cooling Type Window Air Conditioner
Exterior Finish Brick
Fire Protection Security System
Foundation Type Brick
Heating Type In Floor Heating, Hot Water Radiator Heat, Radiator, Steam Radiator
Stories Total 2
Size Interior 18883
Utility Water Municipal Water

Land

Acreage No
Land Amenities Airport, Public Transit, Shopping
Sewer Municipal Sewage System
Size Frontage 60 Ft
Size Total Text Under 1/2 Acre
Zoning Description H-3; Da1(6);d350

https://www.realtor.ca/real-estate/23917655/174-king-street-london

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