$899,000
London East
1188 Frances Street, London East (East M), Ontario, N6G0A8
This industrial property in London East is for sale offering roughly 2,696 sq ft of space.
Located at the corner of Frances and Ashland, rare opportunity to purchase an industrial building plus a single family residence municipally known as 1188 Frances Street and 295 Ashland Avenue. Building consists of 2,696 square feet including 715 square feet of office space and 2 washrooms. Two warehouse areas of 713 and 1,268 square feet. Building has been well maintained. Ceramic flooring and drywall replaced in the office area, new HVAC in 2019 and the front roof area also replaced in 2019. Single family residence consisting of 3 bedrooms with full basement is in the process of being fully renovated including new kitchen, completely new bath, flooring, trim etc. Market rent estimated at $1,800.00. Light industrial zoning-LI1, LI7 & LI8 permits a wide array of uses including building/contracting establishments, warehouse & wholesale establishments, service repair establishments, light manufacturing. Lot area of 9235.43 sq. ft (0.212 ac) with lot dimensions of 31.08x150.99x154.81x36.78x23.76x114.21. Ample on site parking. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 132 days on market, against an average age of 55 days across the listings currently for sale in this city
This industrial in London East (East M) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $899,000, about 9.4× the local median household income of $96,000.
Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 83% above the area median.
Source: Statistics Canada, 2021 Census (FSA N6G)
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