$3,599,000
London East
420 York Street, London East (East K), Ontario, N6B1R1
This office property in London East is for sale offering roughly 10,000 sq ft of space. It has been on the market 28 days, fresher than the London East average of 87 days.
Prime investment opportunity in central London. The property is leased to Century 21 First Canadian Realty Corp. with a net operating income of $180,000.00 until December 31, 2027 and increasing to $204,000.00 on January 1, 2028 with the lease expiring on December 31, 2032 cap rate of 5.7% based on NOI of $204,000. Building consists of approximately 10,000 square feet with 42 on site parking spaces. Completely renovated in 2006 and a new roof was installed in May of 2026 except for canopy/overhang. Plenty of residential development in the immediate area and the property abuts the Rapid Transit Line on King Street. This would make an excellent addition to any investment portfolio. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 28 days on market, against an average age of 87 days across the listings currently for sale in this city
This office in London East (East K) has been listed for 28 days, which is 59 days fresher than the city average of 87. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $3,599,000, about 73.2× the local median household income of $49,200.
Carrying it typically needs a household income of about $703,011 (20% down, 25-yr amortization, stress-tested) — roughly 1329% above the area median.
Source: Statistics Canada, 2021 Census (FSA N6B)
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