145 King Street, London | Image 1

145 King Street

London, East K

  • Commercial

$1,699,000
For Sale

Added 1 week ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: DA1

  • Age: No Data

  • Taxes: 14392.55

  • MLS®#: X11968374

  • Added: Feb 11, 2025 (1 week ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: ROYAL LEPAGE TRILAND REALTY

Located in the heart of downtown London, 143-145 King Street is a fully tenanted, mixed-use commercial property offering an exceptional investment opportunity. Zoned DA1(6)*D350, this turn-key building features one commercial unit spanning 4,500 square feet, along with eight residential units, consisting of four one-bedroom and four studio apartments. The property also includes eight parking spots at the rear of the building. Each residential unit is independently metered for hydro and equipped with its own hot water tank. With a gross annual rental income of $160,044, the property delivers a strong return on investment with significant potential for future growth. Positioned in a high-traffic area, it is ideally located near major downtown attractions such as Canada Life Place, Covent Garden Market, VIA Rail, restaurants, bars, and shopping. Situated within the Downtown Heritage Conservation District, this property seamlessly blends historical charm with modern investment potential, making it a valuable addition to any savvy investors portfolio.

Property

  • Status: Sale

  • Property Type: Commercial/Retail

  • Property Type: Multi-Use

  • Area: London

  • Community: East K

  • Availability Date: Fleixble

  • Assessment Year: 2025

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Radiant

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 8

Fees

  • Tax Year: 2024

  • Taxes: $14,393

  • Taxes Type: Annual

Land

  • Cross Street: Richmond St

  • Municipality District: London

  • Parcel Number: 083210033

  • Lot Frontage: 41 Feet

  • Zoning: DA1

Commercial Specific

  • Retail Area: 4500

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 10000

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

Walker's Paradise

  • Daily errands do not require a car.
97 /100

Excellent Transit

  • Most errands can be accomplished by public transportation.
73 /100

Very Bikeable

  • Most errands can be accomplished on bike.
88 /100
Map of 145 King Street, London
JK-8

Wortley Road Public School

Elementary: Public
1.71 km
JK-8

Victoria Public School

Elementary: Public
1.36 km
JK-8

St Georges Public School

Elementary: Public
1.81 km
JK-8

St Martin

Elementary: Catholic
1.40 km
JK-8

Tecumseh Public School

Elementary: Public
1.58 km
K-8

Lord Roberts Public School

Elementary: Public
1.34 km
9-12

G A Wheable Secondary School

Secondary: Public
2.70 km
9-12

B Davison Secondary School Secondary School

Secondary: Public
2.48 km
9-12

London South Collegiate Institute

Secondary: Public
1.53 km
9-12

London Central Secondary School

Secondary: Public
0.85 km
9-12

Catholic Central High School

Secondary: Catholic
1.02 km
9-12

H B Beal Secondary School

Secondary: Public
1.36 km

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