221-223 Dundas St - Storefront FOR SALE


London, ON N6A 1H1
$599,000 CAD
221-223 Dundas St, London, ON for Sale
$599,000 CAD
Storefront - FOR SALE
1/2
null | Request Cap Rate

221-223 Dundas St
London, ON N6A 1H1


OVERVIEW

Well located Downton street front property on the south side of Dundas Street between Clarence & Wellington. Property fronts onto Dundas Place, home to concerts, pop-up markets, cultural events, food & art festivals. Building has 1,850 SF retail/restaurant on the main floor and 1,008 SF on 2nd floor consisting of 2 units: a bachelor apartment and 450 SF open area/office. Main floor is leased to a Vietnamese take-out restaurant @ $2,495 per month plus HST + 70% of hydro/water and 50% of heat from may 1, 2023 until April 20, 2028 with 1 x 5 year renewal. Located next door to CHE Restaurant and 3 doors from Grace Restaurant. Apartment occupied at $1,000 per month gross. Open area/ office vacant and could be leased as a 2nd bachelor apartment if kitchen facility added.

FOR SALE DETAILS

PRICE

$599,000 CAD

PRICE/SF

$177 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

DA1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Barry PoleyCBRE, LimitedMore Info

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Barry PoleyCBRE, LimitedMore Info

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