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565-569 Richmond Street London, Ontario N6A 3G2

Central Air Conditioning, Wall Unit, Window Air Conditioner Forced Air

$1,895,000

Iconic Building in the center of the fashionable Richmond Row .. the Yorkville of London. First time offered for sale. Former home of Prince Albert Diner for over 30 years, now operating as Neptune Diner on the corner. There are 2 other retail tenants and 4 separately metered unique apartments, some with views of Victoria Park, Downtown London and Richmond Row. One of the few properties with its own parking behind and public parking at the door. Flanked by many successful businesses such a Joe Kool's, Winks, Jacks, The Ceeps, Moxies, Warehouse, Tahini's, Wok Box, Marble Slab and an array of fashion boutiques, gift stores, commercial offices, fully occupied apartment and condo buildings. A favourite location to Western and Fanshawe students. Both Vehicular and Heavy pedestrian traffic. The Bus Stops Here! This property has been in the same family for over 40 years and the care of this asset truly shows the pride of ownership. The net income is substantial given that the units are separately metered along with paying their proportionate share of realty taxes, insurance and maintenance. The Seller may entertain a reasonable Vendor Take Back Mortgage (VTB) to Qualified Buyers only. Owner occupied Diner may be available. Please do not go direct. Appointment Only. Financial Info upon request. Unique once-in-a-Lifetime Opportunity. (id:19173)

Property Details

MLS® Number 40349963
Property Type Other
Amenities Near By Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Community Features High Traffic Area
Equipment Type Water Heater
Features Southern Exposure, Park/reserve
Rental Equipment Type Water Heater
Sign Type Signband

Building

Basement Development Partially Finished
Basement Type Partial (partially Finished)
Construction Style Attachment Detached
Cooling Type Central Air Conditioning, Wall Unit, Window Air Conditioner
Exterior Finish Brick
Fixture Ceiling Fans
Flooring Type Hardwood, Laminate
Heating Type Forced Air
Stories Total 2
Size Exterior 5500.0000
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 64 Ft
Size Frontage 82 Ft
Size Total Text Under 1/2 Acre
Zoning Description Bdc (1)

Utilities

Cable Available
Electricity Available
Natural Gas Available

https://www.realtor.ca/real-estate/25073090/565-569-richmond-street-london

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