206 Central Avenue London, Ontario N6A 1M7

7 Bedroom 3506
Fireplace Central Air Conditioning Baseboard Heaters, Forced Air


Fabulous property on Richmond Row. Anchor property on main level. Burrito Boyz. 4 luxury apartments 11 bedrooms in total. High end luxury finishes. Assumable mortgage of $1,248,000. VENDOR WILL HOLD A SECOND MORTGAGE FOR $500,000 AT 3%. Located just steps off Richmond, west on Central Ave. Rare opportunity to own a luxury building in the heart of Richmond Row. Gross income over $158,000.00 a year. Burrito Boyz signed a 5 year lease plus 5 year option. Laminate floors, ceramic, quartz countertops. All stainless steel appliances. 4 bedroom units have 2 full baths. 3 fireplaces. Ample parking. Burrito Boys Current Rent: $3,245/Month = $38,940/Year. June 1, 2023 Increase: $3,595/Month = $43,140/Year. June 1, 2028 Increase: $3,975/Month = $47,700/Year. Plus their share of taxes. Current commercial lease runs until 2028 with an additional 5 year option to 2033. (id:29438)

Property Details

MLS® Number 40185626
Property Type Multi-family
Amenities Near By Park, Public Transit, Shopping
Communication Type High Speed Internet
Community Features High Traffic Area
Features Park/reserve, Paved Driveway
Parking Space Total 9


Bedrooms Total 7
Appliances Microwave
Basement Development Finished
Basement Type Partial (finished)
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Stucco
Fire Protection Smoke Detectors
Fireplace Fuel Electric
Fireplace Present Yes
Fireplace Total 4
Fireplace Type Other - See Remarks
Heating Fuel Electric, Natural Gas
Heating Type Baseboard Heaters, Forced Air
Stories Total 3
Size Interior 3506
Utility Water Municipal Water


Acreage No
Land Amenities Park, Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 111 Ft
Size Frontage 45 Ft
Size Total Text Under 1/2 Acre
Zoning Description Bus District Commercial


DSL* Available
Electricity Available
Natural Gas Available


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