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50 Ridout Street S London, Ontario N6C 3W6

None Radiant Heat

$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:20872)

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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