Matthew Tenk
Broker of Record
434-436 Clarence Street London, Ontario N6A 3M8
$1,150,000
Very Attractive Mixed use property on Clarence street between Dundas and Queen Avenue. The property consists of two main floor retail/restaurants, one 2nd floor apartment and one 2nd floor retail/office. Total gross floor area of approx 4,939 sq ft on 5,403 sq ft of land. Nooners restaurant - approx 2,710 sq ft pays $2,500 per month plus utilities. WOW Shwarma - approx 1,190 sq ft paying $2,180 per month plus utilities. 2nd level Berkana Salon approx 387 sq ft paying $800 per month plus hydro. 2nd level apartment approx 571 sq ft paying $1,000 plus hydro. All Tenants paying well below market value. Projected Gross income approx $115,000.00 annually. Lots of upside to this property. (id:39551)
Property Details
| MLS® Number | 40566753 |
| Property Type | Office |
| Amenities Near By | Public Transit |
| Community Features | High Traffic Area |
| Parking Space Total | 2 |
| Sign Type | Signband |
Building
| Basement Type | Partial |
| Exterior Finish | Brick, Concrete |
| Fireplace Present | No |
| Foundation Type | Poured Concrete |
| Stories Total | 2 |
| Size Exterior | 4939.0000 |
| Size Interior | 4939 |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 111 Ft |
| Size Frontage | 44 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Da2 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/26707383/434-436-clarence-street-london
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London and St. Thomas Association of REALTORS®
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April 10 2024 02:40:37
