1288 Commissioners Road West, London | Image 1

1288 Commissioners Road West

London

  • Commercial

$5,899,000
For Sale

Added 1 week ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Business Type: Hospitality/Food Related

  • Zoning: BDC(3)

  • Age: 31-50 years

  • Taxes: 69464

  • MLS®#: X8267844

  • Added: Apr 24, 2024 (1 week ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: CENTURY 21 FIRST CANADIAN CORP

Prime Investment Opportunity in the Heart of London's Bustling Commercial District in Byron. Discover a lucrative investment opportunity in a strategically located multiplex building, boasting 15,915 sq. ft. of rentable space on approximately 0.5 acres of prime land. Situated on a vibrant and high-traffic street in London, this property offers a diverse mix of tenants, including commercial retail, offices, and six modern residential apartments. With over 400k invested in renovating and upgrading all residential units, hallways, staircases, and roofs in 2019, we are ensuring a contemporary and well-maintained property. A diversified tenant mix provides a steady income stream, while the professionally managed property ensures operational efficiency and peace of mind for investors. Comprehensive lease agreements and property information are available upon signing a confidentiality agreement, offering transparency and insight into the property's financial performance.

Extras

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Property

  • Status: Sale

  • Type: Hospitality/Food Related

  • Property Type: Commercial/Retail

  • Property Type: Multi-Use

  • Age: 31-50

  • Area: London

  • Availability Date: Flexible

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • UFFI: No

  • Freestanding: N

  • Outside Storage: N

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 34

Fees

  • Tax Year: 2023

  • Taxes: $69,464

  • Expenses: Act

  • Insurance Fee: 9600

  • Hydro Expense: 12222

  • Heat Expenses: 4600

  • Other Expenses: 1409

  • Taxes Type: Annual

  • Taxes: 69464

  • Tax Year: 2023

  • Water Fees: 9186

Land

  • Cross Street: Boler And Commission

  • Municipality District: London

  • Parcel Number: 084140035

  • Sewer: None

  • Lot Depth: 173.66 Feet

  • Lot Frontage: 119 Feet

  • Lot Irregularities: 173.66 Ft X 122.65 Ft

  • Zoning: BDC(3)

Shipping Doors

  • Clearing Height (ft): 12

Commercial Specific

  • Number of Employees: 6

  • Rail: N

  • Retail Area: 3589

  • Retail Area Metric: Sq Ft

  • Sprinklers: Y

  • Total Area: 19593

  • Total Area Metric: Sq Ft

  • Office Size: 10100

  • Office Size Metric: Sq Ft

  • Area Influence: Public Transit

  • Area Influence: Rec Centre

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Crane: N

  • Lot Code: Lot

  • Survey: N

  • Soil Test: Envirn Audit

  • Business/Building Name: 1288 Commissioners W

  • Financial Statement: Y

  • LLBO: N

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Map of 1288 Commissioners Road West, London
JK-8

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