462 Cheapside Street London, Ontario N5Y 3X2

Central Air Conditioning Forced Air Landscaped


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


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


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


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