174 KING Street, London, Ontario, N6A1C6
Its your time to own a building in Downtown London with 31 bachelor units and 1 restaurant with a net operating income of $263,152.68 annually. The majority of the units have been renovated, furnished and are now renting in downtown London for top dollar with room to grow to $300,000 NOI. Each unit has a private 3 pc bath, 1 bedroom area, kitchenette, large windows and heated floors. One untouched major feature is the large open Atrium perfect for the tenants relaxing after a long day or for future use you could turn this into your games room or entertainment space for tenants. The restaurant tenant is Massey Indian Cuisine paying their share of the taxes and $2847.60 per month in rent. Please see video and Matter Port links for a virtual showing and ask your agent for a copy of the numbers. Phase 1 and Phase 2 Available. (id:2471)
- Property Address: 174 KING Street, London, Ontario, N6A1C6
- Property Type: Other
- Zoning Description: H-3; DA1(6);D350
- Title: Freehold
- Acreage: under 1/2 acre
- Sewage Type: Municipal sewage system
- Water Type: Municipal water
- Total Parking Spaces: 9
- Amenities Nearby: Airport, Public Transit, Shopping
- Style: Attached
- Storeys: 2
- Basement Type: None
- Cooling: Wall unit
- Exterior Type: Brick
- Flooring: Carpeted, Laminate
- Paved driveway
- Shared Driveway
- Laundry- Coin operated
- High Traffic Area
- Community Centre
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