420 York Street, London East (East K), Ontario N6B1R1
Listing courtesy of CENTURY 21 FIRST CANADIAN CORP.
- $3,800,000
- 4
- BA
- 10,000
- SqFt
- List Price
- $3,800,000
- Status
- ACTIVE
- Days on Market
- 57
- MLS® #
- LondonandStThomasAssociationofREALTORS-X13568182
- Bathrooms
- 4
- Living Area
- 10,000
- Lot Size
- 28,314
- Acres
- 0.65
- Subdivision
- East K
- Neighborhood
- East K
- MLS Area Major
- East K
Property Description
Prime investment opportunity in central London. The property is leased to Century 21 First Canadian Realty Corp. with a net operating income of $180,000.00 until December 31, 2027 and increasing to $204,000.00 on January 1, 2028 with the lease expiring on December 31, 2032 cap rate of 5.4% based on NOI of $204,000. Building consists of approximately 10,000 square feet with 42 on site parking spaces. Completely renovated in 2006 and a new roof was installed in May of 2026 except for canopy/overhang. Plenty of residential development in the immediate area and the property abuts the Rapid Transit Line on King Street. This would make an excellent addition to any investment portfolio. (id:5764)
Additional Information
- Taxes
- $32,729
- Community Features
- East K
- Heating
- Forced air, Natural gas
- Air Conditioning
- Fully air conditioned
