Overview

This retail property in London East is for sale offering roughly 5,200 sq ft of space. It has been on the market 35 days, fresher than the London East average of 70 days.

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Description

Prime 5-unit mixed-use plaza on a high-traffic corner with excellent visibility and exposure. Ideal for an owner-occupier or investor. Features 3 commercial units in the strip plaza, plus a separate 2-storey building with a long-standing owner-occupied variety store operating for 20+ years, an upper residential unit, and full basement for storage. Includes 12 on-site parking spaces. Broad zoning allows for a variety of uses including medical/dental, retail, restaurant, personal services, offices, place of worship and more. Excellent opportunity to own the property while operating your business on-site or add to an investment portfolio. (id:66096)

Property Details

MLS®: X13843148
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: BDC(36), H13
Bathrooms: 5
Parking: 12
Interior Size: 5,200 ft²
Lot Size: 151 × 94 ft (14,150 sq ft)
Frontage: 151 ft
Heating: Baseboard heaters, Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $14,812.28/yr
Listed: 35 days ago

Features

Lot Features: Irregular lot size

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

London East (East L) listings, avg age

70d

Price / ft²

$221

List price

$1.15M

Haho

This retail in London East (East L) has been listed for 35 days, which is 35 days fresher than the city average of 70. Act while there is still low competition.

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Area context

Neighbourhood profile (N5Z)

This home lists at $1,150,000, about 17.8× the local median household income of $64,500.

Carrying it typically needs a household income of about $224,635 (20% down, 25-yr amortization, stress-tested) — roughly 248% above the area median.

Median household income: $64,500
Population: 24,067
Median age: 40
Owner / renter: 62% / 38%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N5Z)

$1,150,000· $221/ft²

For sale

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Financing

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414 HAMILTON Road, London East (East L) - Retail for Sale