$3,599,000
( $359.90Per Sq Foot )
$19,320 est/mo Sourced by Back At You420 York Street,London East (East K), ON N6B1R1
London East (East K), ON N6B1R1
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 5.7% 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:13843)
Details
| MLS # | X13881126 |
|---|---|
| Listing Type | For Sale |
| Style | Offices |
| Status | Active |
| Days On Site | 12 |
| Listing Provided By | CENTURY 21 FIRST CANADIAN CORP | GINO MAZZUCA |
Features
| Bath(s) | 4 Total |
|---|---|
| SQ Feet | 10,000 |
| Zoning | R01/RS |
| Acreage | 0.65 |
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Irregular lot size |
|---|
Parking
| Parking Total | 42 |
|---|
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 32729.77 |
|---|
Area Information
| Province | ON |
|---|---|
| City | London East (East K) |
| Postal Code | N6B1R1 |
| Listing VS Median (in N6B1R1) | |
Price: $3,599,000 low | high Med: $3,599,000 sqft: 10,000 low | high Med: 10,000 $ / sqft: $360 low | high Med: $360 On site: 12 low | high Med: 12 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | London East (East K) |
| Postal Code | N6B1R1 |
| Listing VS Median (in N6B1R1) | |
Price: $3,599,000 low | high Med: $3,599,000 sqft: 10,000 low | high Med: 10,000 $ / sqft: $360 low | high Med: $360 On site: 12 low | high Med: 12 | |
Listing Updated: October 10, 2026 at 3:19:58 AM PDT