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Commercial listings / Investment / For sale

420 York Street, London East, ON N6B 1R1

$3,599,000

420 York Street, London East, ON N6B 1R1, photo 1420 York Street, London East, ON N6B 1R1, photo 2420 York Street, London East, ON N6B 1R1, photo 3420 York Street, London East, ON N6B 1R1, photo 4420 York Street, London East, ON N6B 1R1, photo 5420 York Street, London East, ON N6B 1R1, photo 6
Property type
Investment
Transaction
For sale
Location
London East, Middlesex
Building area
10,000 Square Feet
Lot size
0.65 Feet
MLS® number
X13881126

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.

Listing brokerage: CENTURY 21 FIRST CANADIAN CORP

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