519-673-6444
174 King St, London, ON for Sale
Apartments - FOR SALE
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174 King St
London, ON N6A 1C6


OVERVIEW

CBRE Limited - London ("CBRE") has been retained on an exclusive basis to arrange for the sale of 174 King Street, a multi-residential building with a ground floor restaurant in the city of London. (the "Property" or "Properties"). 174 King Street offers 31 residential units and one commercial unit. The residential units are mainly bachelor units, with a total of 30 bachelors and 1 one bedroom unit. The ground floor restaurant was previously operating as Massey's Restaurant, with a new tenant expected to be signing an agreement shortly. The site provides 0.27 acres with 60 ft. of frontage along King Street. 174 King Street includes 12 parking stalls at the rear east quadrant of the site. Access to the parking is via a shared driveway (not owned by the seller), located on the east side of the property. The property provides the unique opportunity to acquire a cash-flowing multi-residential apartment building in the growing Southwestern Ontario market.

FOR SALE DETAILS

PRICE

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# OF UNITS

31

CAP RATE

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% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

DA1(6), 350

APN/PARCEL ID

393606004005300

ASK ABOUT THIS PROPERTY

Kevin MacDougallCBRE, LimitedMore Info
519-673-6444

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Kevin MacDougallCBRE, LimitedMore Info
519-673-6444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.