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MLS® X12969830

Overview

Key Facts

Type Office
Levels Commercial Sale
Size 3022 sqft
Garage None
Taxes $13,773
Days Active 5
Lot Size 
Approx. Age 
Avg. Price Per Sqft $353
MLS® Number X12969830

Property Address: 580 Waterloo St, London, ON, N6B2P9

Average square foot calculated using Size range provided by listing agent.

Description

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 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 $87, 120 net Income $64, 926. for a 6.1 Cap rate (id:58753)Show Description
MLS® NumberX12969830
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
Basement
DrivewayGarage Type:None
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

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