462 Cheapside Street London, Ontario N5Y 3X2
$2,300,000
This mixed-use property in the heart of OLD NORTH is the perfect opportunity for an owner occupied business or an investor looking to add a great property to their portfolio with the bonus of choosing a tenant! 2 commercials units with just over 5,500sqft of combined commercial space, and a single residential unit above. Unit 1 previously used as a hair salon. Featuring up to 7 independent hair stylist stations, large waiting area, tanning bed 3 phase rough-in, 3 private wedding party prep rooms that could also be used for an aesthetician or similar, staff lounge/kitchen, 2 pairs of washers/dryers, and more! Unit 2 Babu's Mart, a convenience store currently leased until 2025 (under market value). Residential unit recently fully renovated with 2 bedrooms currently leased at $2400 + personal hydro, with a dedicated parking spot. High exposure location on the corner of Cheapside & Maitland, with over 10,000 daily commuters, and nearby bus lines direct to downtown, Western University, and more. 16 total parking spots on site, staff & visitor parking predefined spots. Many upgrades throughout the years with meticulous care as it was owner operated. Some major items include commercial grade furnace, commercial A/C that can run during winter, roof, electrical and more. Salon items negotiable. Zoned CC which accommodates a variety of uses. This is likely the one you've been looking for! (id:19173)
Property Details
| MLS® Number | 40402620 |
| Property Type | Other |
| Amenities Near By | Public Transit |
| Community Features | High Traffic Area |
| Equipment Type | Water Heater |
| Features | Corner Site, Paved Driveway |
| Parking Space Total | 16 |
| Rental Equipment Type | Water Heater |
| Sign Type | Signband |
Building
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Stucco, Vinyl Siding |
| Fire Protection | Alarm System |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Exterior | 5500.0000 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Landscape Features | Landscaped |
| Sewer | Municipal Sewage System |
| Size Frontage | 74 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Cc |
https://www.realtor.ca/real-estate/25478485/462-cheapside-street-london
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May 31 2023 09:57:55
London and St. Thomas Association of REALTORS®
Blue Forest Realty Inc.