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$1,299,000
Est. payment /mo
4,486 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,486 sqft
Price per Sqft $289
Subdivision East F
MLS® Listing ID X12072796
Originating Board London and St. Thomas Association of REALTORS®
Property Description
An incredible investment opportunity awaits with this meticulously maintained mixed-use building. Currently home to The Bag Lady Variety, a licensed 30-seat restaurant, the sale includes the business along with all chattels and fixtures, offering a seamless transition for a new owner. Above the restaurant, the property features two income-generating residential units: a 1-bedroom + office rented for $1,400/month (inclusive) and a 1-bedroom rented for $1,200/month (inclusive). A bonus owners loft on the upper level provides additional space. Recent updates include a new shingles (2020), furnace (2021), central air (2021), and water heater (2021), ensuring a hassle-free investment. With a projected annual rental income of $87,430, this property presents multiple possibilities continue operating The Bag Lady Variety with strong sales, introduce your own restaurant concept, or lease all units for a hands-off investment. Whether you're an entrepreneur looking for a turnkey business or an investor seeking strong rental income, this property is a rare opportunity to own a thriving asset in a prime location. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Sewer Sanitary sewer
Others
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Listed by THRIVE REALTY GROUP INC.