50 Ridout Street S London, Ontario N6C 3W6
$11,650,000
Once in a generation property A+ Asset for Sale. This Triple Brick 36 Unit building (12 X 1+Den and 24 X 1 Bed) has Terazzo Floors. New Roofs on all 3 buildings plus garage while backing onto the Thames River. Building lot line goes right to the river and comes with 4 Full Detached garages. A Block from Wortley Village, 2 blocks from Downtown with bus stop outside. Building has always been fully tenanted and has a wait list. 52% of the building has been turned over with single professionals to market rent over the last 7 years. Building Nets 340k annually with potential of well over 500k with Airbnb. 3% Cap. Den size in 1+Den are 7 X 6. Electrical copper. Plumbing Feed lines copper. Owner will carry a 10% VTB if required. (id:19173)
Property Details
| MLS® Number | 40239641 |
| Property Type | Other |
| Communication Type | High Speed Internet |
| Features | Laundry- Coin Operated |
| Parking Space Total | 28 |
Building
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Constructed Date | 1940 |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 3 |
| Size Exterior | 26000.0000 |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Access Type | Road Access |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 3410 Ft |
| Size Frontage | 84 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R3-1 |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/24260757/50-ridout-street-s-london
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April 12 2022 12:49:16
London and St. Thomas Association of REALTORS®
Thrive Realty Group Inc.