420 YORK STREET
London East (East K), Ontario
MLS® X13881126
$3,599,000
- Status
- Active
- Property type
- Office
- MLS® number
- X13881126
- Bedrooms
- —
- Bathrooms
- 4
- Year built
- —
1 / 21Listing description
Prime investment opportunity in central London. The property is leased to Century 21 First Canadian Realty Corp. with a net operating income of $180,000.
00 until December 31, 2027 and increasing to $204,000. 00 on January 1, 2028 with the lease expiring on December 31, 2032 cap rate of 5. 7% based on NOI of $204,000.
Building consists of approximately 10,000 square feet with 42 on site parking spaces. Completely renovated in 2006 and a new roof was installed in May of 2026 except for canopy/overhang. Plenty of residential development in the immediate area and the property abuts the Rapid Transit Line on King Street.
This would make an excellent addition to any investment portfolio.
Property summary
- MLS® number
- X13881126
- Property type
- Office
- Building type
- Offices
- Size
- 10,000 sq ft
- Land size
- 0.65 acres
- Annual property taxes
- $32,729.77
- Parking
- 42 spaces
- Days on market
- 1 day
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Lot features
- Irregular lot size
What would this home cost you?
Based on the $3,599,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of CENTURY 21 FIRST CANADIAN CORP, LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.