Fantastic opportunity, approximately $50k annual Net income, an approximate 5 Cap rate, variety store and gas bar on long term lease, with rental bumps, 3 bedroom home rented to a long term tenant, willing to stay, and a car dealership on a busy intersection, in a rapidly expanding neighborhood. Property is official plan designated for medium density residential, hold property for the income, then redevelop! Very high potential, lots of parking. (id:61445)
| BusinessType | Automobile |
| BusinessSubType | Automotive |
| MLS® Number | X12899968 |
| Property Type | Retail |
| Community Name | East Q |
| AmenitiesNearBy | Highway, Public Transit |
| EquipmentType | Water Heater |
| Features | Irregular Lot Size |
| RentalEquipmentType | Water Heater |
| Age | 31 To 50 Years |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 1000 Sqft |
| UtilityWater | Municipal Water |
| Acreage | No |
| LandAmenities | Highway, Public Transit |
| Sewer | Septic System |
| SizeDepth | 153 Ft ,10 In |
| SizeFrontage | 128 Ft ,6 In |
| SizeIrregular | 0.537 |
| SizeTotal | 0.537 Ac |
| SizeTotalText | 0.537 Ac |
| ZoningDescription | Cc Ss1 |
https://www.realtor.ca/real-estate/29491545/1344-hamilton-road-london-east-east-q-east-q
Contact us for more information
Ajay Srivastava
Broker
Anish Srivastava
Broker of Record
Emily Tibbet
Salesperson