1001 Adelaide Street North, London | Image 1

1001 Adelaide Street North

London, East B

  • Commercial

$X,XXX,XXX
For Sale

Added 5 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: RO2

  • Age: No Data

  • Taxes: 31829.03

  • MLS®#: X9308392

  • Days on Site: 167 Days

  • Added: Sep 06, 2024 (5 months ago)

  • Updated:

  • Last Checked: 5 hours ago

  • Listed By: CBRE LIMITED

Small medical building for sale at the corner of Cheapside and Adelaide. First time offered for sale. Neighboring property at 909 Adelaide also available for purchase. Zoning permits Medical/Dental, Medical/Dental Laboratories, Clinic and Offices. 5.90% Capitalization Rate on proforma income with 2 vacancies rented at market rents. Unit 206 (703 SF) and Unit 200 (299 SF) currently available for lease or owner/ users. Tenant all on Net Leases. Confidentiality Agreement to be completed for access to additional financial details. Taxes to be assessed. Property has merged on title with 909 Adelaide Street N. Seller preference is for properties to be purchased together. Alternatively closing will need to be delayed until severance completed. **EXTRAS** Legal Desc: LOTS 26, 27, 28, 29 AND 22 AND PART LOT 21, PLAN 256 (E) AS IN 637079; SUBJECTT O 476737 LONDON

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Office

  • Area: London

  • Community: East B

  • Availability Date: Immediate

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 29

Fees

  • Tax Year: 2024

  • Tax Legal Description: SEE REMARKS

  • Taxes: $31,829

  • Taxes Type: Annual

Land

  • Cross Street: SW Corner Cheapside

  • Municipality District: London

  • Parcel Number: 082310117

  • Sewer: San+Storm

  • Lot Frontage: 0.48 Acres

  • Zoning: RO2

Commercial Specific

  • Rail: N

  • Sprinklers: N

  • Total Area: 7810

  • Total Area Metric: Sq Ft

  • Office Size: 7810

  • Office Size Metric: Sq Ft

  • Days Open: V

  • Franchise: N

  • Tangible Property Included: N

  • Lot Code: Lot

  • Financial Statement: N

  • LLBO: N

Map of 1001 Adelaide Street North, London
JK-8

St Michael

Elementary: Catholic
0.38 km
JK-8

Knollwood Park Public School

Elementary: Public
0.86 km
JK-8

St Georges Public School

Elementary: Public
1.04 km
JK-8

Northbrae Public School

Elementary: Public
1.16 km
JK-8

Ryerson Public School

Elementary: Public
0.92 km
K-8

Louise Arbour French Immersion Public School

Elementary: Public
1.38 km
9-12

École secondaire Gabriel-Dumont

Secondary: Public
1.29 km
9-12

École secondaire catholique École secondaire Monseigneur-Bruyère

Secondary: Catholic
1.27 km
9-12

London Central Secondary School

Secondary: Public
1.91 km
9-12

Catholic Central High School

Secondary: Catholic
2.03 km
9-12

A B Lucas Secondary School

Secondary: Public
3.10 km
9-12

H B Beal Secondary School

Secondary: Public
2.08 km
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