FOR SALE
580 Waterloo Street
Commercial Property Type
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MLS® X12969830
580 Waterloo Street, London East, ON N6B 2P9
London East N6B 2P9
$1,069,000
N/A
Beds
Beds
N/A
Baths
Baths
3,022
Sq Ft
Sq Ft
Commercial
Property Type
Property Type
- Property photo for MLS X12969880
- Property photo for MLS X12969880
- Property photo for MLS X12969830
- Property photo for MLS X12969880
- Property photo for MLS X12969830
- Property photo for MLS X12969880
- Property photo for MLS X12969830
- Property photo for MLS X12969880
- Property photo for MLS X12969830
About This Home
Fantastic opportunity for investors or business office with income to cover expenses. Welcome to 580 Waterloo St., a freestanding, mixed use 2 story building, with many updates and improvements. The main and upper floors comprising of 2275 Sq Ft of office space, and 2 residential units in the basement. The upper office tenant is currently leased until August 31, 2026 and main floor office tenants renewed their lease for another 3 years until December 31, 2028. with an option for either party to terminate with 6 months notice. An ideal situation for an investor to occupy or pick you own tenants and lease. Current financial information is based on present income and potential market rents. Office tenants pays electricity, gas and water. Residential tenants rent includes $95/$79 toward heat, electricity and water. Some of the updates include furnaces, central airs and water heaters. Replaced rear porch. Renovated front porch. Replaced commercial outside doors (front & rear). Outside lighting, brick repointing and replacement as needed. Replaced rear eaves and downspouts. Updated one basement res unit after tenant vacated. Gross Income $85,728. net Income $63,536. for a 6.3 Cap rate
Property Details
MLS® Number
X12969830
X12969830
Property Type
Commercial
Commercial
Bedrooms
N/A
N/A
Bathrooms
N/A
N/A
Living Area
3,022
3,022
List Price
$1,069,000
$1,069,000
LISTING BROKERAGEPRIME REAL ESTATE BROKERAGE
MLS®X12969830
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