Rare opportunity to acquire a solid masonry three story mixed use office residential building built in 1987 across from Victoria Park. Building consists of three commercial units and three residential units. Total square footage of 6,691. Current net operating income of $121,775.00 offering a 6.4% cap rate. Very suitable for owner occupied and an excellent investment opportunity. Onsite parking for 16 vehicles. Building in top condition with high end finishes. Many recent improvements-three residential units added around 10 years ago, 2nd floor HVAC units new in 2016, and Apt#3 in 2018, new HVAC for suite 1 in August 2022 and new HVAC for Apt. 1 in July 2022. Copy of rent roll, a recently completed Phase One ESA, floor plans and Fire Inspection Letter available upon request. (id:52316)
RE/MAX CENTRE CITY REALTY INC.
$1,890,000
295 WOLFE STREET, London East, Ontario
Property
MLS® Number: X12414039
Address: 295 WOLFE STREET
City: London East
Utilities
Central Air: Yes
Heating: Forced Air, Natural Gas
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Property Sale History
Travel and Neighbourhood
81/100Walk Score®
Very Walkable
Location
