434-436 Clarence Street, London | Image 1

434-436 Clarence Street

London, East F

  • Commercial

$1,100,000
For Sale

Added 8 months ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Business Type: Hospitality/Food Related

  • Zoning: DA2

  • Age: No Data

  • Taxes: 23264.95

  • MLS®#: X8204570

  • Days on Site: 213 Days

  • Added: Apr 01, 2024 (8 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: ROYAL LEPAGE TRILAND REALTY

Very Attractive Mixed use property on Clarence street between Dundas and Queen Avenue. The property consists of two main floor retail/restaurants, one 2nd floor apartment and one 2nd floor retail/office. Total gross floor area of approx 4,939 sq ft on 5,403 sq ft of land. Nooners restaurant - approx 2,710 sq ft pays $2,500 per month plus utilities. WOW Shwarma - approx 1,190 sq ft paying $2,180 per month plus utilities. 2nd level Berkana Salon approx 387 sq ft paying $800 per month plus hydro. 2nd level apartment approx 571 sq ft paying $1,000 plus hydro. All Tenants paying well below market value. Projected Gross income approx $115,000.00 annually. Lots of upside to this property.

Property

  • Status: Sale

  • Type: Hospitality/Food Related

  • Property Type: Commercial/Retail

  • Property Type: Multi-Use

  • Area: London

  • Community: East F

  • Availability Date: Flexible

  • Assessment Amount: $533,000

  • Assessment Year: 2023

Inside

  • Air Conditioning: Part

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 3

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 5 SW QUEENS AV AS IN LC185798; S/T LC185798, 637993 DESCRI

  • Taxes: $23,265

  • Taxes Type: Annual

Land

  • Cross Street: Between King & Queen

  • Municipality District: London

  • Parcel Number: 082650057

  • Lot Depth: 110.92 Feet

  • Lot Frontage: 44 Feet

  • Lot Irregularities: 66.18x7.68x44.19x44.4

  • Zoning: DA2

Commercial Specific

  • Retail Area: 3800

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 5403

  • Total Area Metric: Sq Ft

  • Office Size: 387

  • Office Size Metric: Sq Ft

  • Area Influence: Public Transit

  • Lot Code: Building

  • Soil Test: N

Map of 434-436 Clarence Street, London
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