For Sale: 580 Waterloo Street, London East, ON N6B 2P9, London East, ON

FOR SALE

580 Waterloo Street

Commercial Property Type
$1,069,000Request a ShowingView Saved Homes
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For Sale: 580 Waterloo Street, London East, ON N6B 2P9, London East, ON - Property Photo

MLS® X12969830

580 Waterloo Street, London East, ON N6B 2P9

London East   N6B 2P9

$1,069,000

N/A
Beds
N/A
Baths
3,022
Sq Ft
Commercial
Property Type

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
Property Type
Commercial
Bedrooms
N/A
Bathrooms
N/A
Living Area
3,022
List Price
$1,069,000

LISTING BROKERAGEPRIME REAL ESTATE BROKERAGE
MLS®X12969830

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