580 WATERLOO STREET
London East (East F), Ontario
MLS® X12969830
$1,069,000
- Status
- Active
- Property type
- Office
- MLS® number
- X12969830
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 42Listing description
Fantastic opportunity for investors or business office with income to cover expenses. Welcome to 580 Waterloo St. , a freestanding, mixed use 2 story building, with many updates and improvements.
The main and upper floors comprising of 2275 Sq Ft of office space, and 2 residential units in the basement. The upper office tenant is currently leased until August 31, 2026 and main floor office tenants renewed their lease for another 3 years until December 31, 2028. with an option for either party to terminate with 6 months notice.
An ideal situation for an investor to occupy or pick you own tenants and lease. Current financial information is based on present income and potential market rents. Office tenants pays electricity, gas and water.
Residential tenants rent includes $95/$79 toward heat, electricity and water. Some of the updates include furnaces, central airs and water heaters. Replaced rear porch.
Renovated front porch. Replaced commercial outside doors (front & rear). Outside lighting, brick repointing and replacement as needed.
Replaced rear eaves and downspouts. Updated one basement res unit after tenant vacated. Gross Income $85,728.
net Income $63,536. for a 6. 3 Cap rate
Property summary
- MLS® number
- X12969830
- Property type
- Office
- Building type
- Offices
- Square footage
- 3,022 sq ft
- Land size
- 53 x 131 FT
- Annual property taxes
- $13,773.00
- Days on market
- 142 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $1,069,000 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 PRIME REAL ESTATE BROKERAGE, 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.