122 Wharncliffe Rd S - Storefront Retail/Residential FOR SALE


London, ON N6J 2K3
$1,050,000 CAD
519-608-9125
122 Wharncliffe Rd S, London, ON for Sale
$1,050,000 CAD
Storefront Retail/Residential - FOR SALE
1/1
null | 7% Cap Rate

122 Wharncliffe Rd S
London, ON N6J 2K3


HIGHLIGHTS

  • Over 35,000 Traffic count per day
  • Ample of parking
  • Lots of driving traffic

OVERVIEW

Commercial opportunity near Wortley Village and downtown. 35000 traffic count per day, parking for 8 and opposite a busy Tim Hortons and Robert Q Airbus Terminal. Low taxes: $7311.55 (2024). 3 units total: 2 retail and one enormous 3 bedroom, 2 bath apartment. Of the retail, a thriving butcher shop and busy hair salon occupy the main level units. The salon has been beautifully renovated and had major upgrades to plumbing and electrical systems. The apartment has separate entry through the back and features a showroom kitchen and and newly renovated baths. Owner currently occupies the residential unit. Vacant possession will be assumed. Projected rents on this unit at $2400/ month. Over $100,000 spent on recent renovations.

FOR SALE DETAILS

PRICE

$1,050,000 CAD

PRICE/SF

$299 CAD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,482 SF

ZONING

AC2

APN/PARCEL ID

393606009004600

ASK ABOUT THIS PROPERTY

Ryan FeatherstoneRoyal LePage Triland RealtyMore Info
519-608-9125

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Ryan FeatherstoneRoyal LePage Triland RealtyMore Info
519-608-9125

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.