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$5,800,000
London East
700 York Street, London East (East L), Ontario, N5W2S8
This office property in London East is for sale offering roughly 29,097 sq ft of space.
Prime opportunity to acquire a fully renovated, turnkey mixed-use commercial building in a high-visibility location. This exceptional investment is currently home to four established tenants, including a dental office, Asmara Café, a security company, and a fitness gym, providing a strong and diversified income stream. In addition, the property offers vacant space that is ideal for an owner-occupier or can be leased to generate additional rental income and enhance future returns. The favourable RSC2 and RSC4 zoning permits a wide range of commercial uses, making this an excellent opportunity for investors or business owners seeking flexibility and long-term growth potential. The building has undergone extensive renovations and capital improvements, including: Roof replacement (2018) New elevator (2017) Complete office build-out (2017) Café build-out (2019) UPS system with backup generator and automatic transfer switch (2017) Eight new HVAC units installed since 2018 This well-maintained property combines stable tenancy, modern infrastructure, and future leasing potential, making it an outstanding investment opportunity for both owner-users and investors alike. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 99 days on market, against an average age of 70 days across the listings currently for sale in this city
This office in London East (East L) 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 $5,800,000, about 89.9× the local median household income of $64,500.
Carrying it typically needs a household income of about $1,132,943 (20% down, 25-yr amortization, stress-tested) — roughly 1657% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5W)
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