206 Central Avenue London, Ontario N6A 1M7
$2,295,000
FABULOUS PROPERTY ON RICHMOND ROW. ANCHOR TENANT ON MAIN LEVEL IS BURRITO BOYZ. 4 LUXURY APARTMENTS WITH 11 BEDROOMS IN TOTAL, HIGH END LUXURY FINISHES. ASSUMABLE MORTGAGE OF APPROX. $1,196,992 @5.35% UNTIL NOVEMBER 1, 2025. LOCATED JUST STEPS OFF RICHMOND, WEST ON CENTRAL WITH LOTS OF PARKING IN THE BACK AND SIDE. RARE OPPORTUNITY TO OWN A LUXURY BUILDING IN THE HEART OF RICHMOND ROW. GROSS INCOME OVER $174,000. BURRITO BOYZ HAVE SIGNED A NEW 10 YEAR LEASE. ALL APARTMENTS HAVE LAMINATE FLOORS, CERAMIC, QUARTZ COUNTERTOPS, ALND STAINLESS STEEL APPLIANCES. 4 BEDROOM UNITS HAVE 2 FULLS BATHS. CONTROLLED ENTRY. RENTAL INFORMATION DOCUMENTS. SELLER LOOKING TO RETIRE POSSIBLE VTB AVAILABLE. BURRITO BOYS LEASE IS WITH CORPORATES HEAD OFFICE. (id:19173)
Property Details
| MLS® Number | 40475933 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Public Transit, Shopping |
| Community Features | High Traffic Area |
| Features | Paved Driveway |
| Parking Space Total | 9 |
Building
| Bathroom Total | 7 |
| Bedrooms Total | 11 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Vinyl Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric, Geo Thermal |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 3 |
| Size Interior | 3506 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 111 Ft |
| Size Frontage | 45 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Bdc |
https://www.realtor.ca/real-estate/25998046/206-central-avenue-london
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September 15 2023 07:41:29
London and St. Thomas Association of REALTORS®
Sutton Group - Select Realty Inc., Brokerage