50 Ridout Street S London, Ontario N6C 3W6
None
Radiant Heat
$11,650,000
Once in a generation property A+ Asset for Sale. This Triple Brick 36 Unit building (12 X 1+Den and 24 X 1 Bed) has Terazzo Floors. New Roofs on all 3 buildings plus garage while backing onto the Thames River. Building lot line goes right to the river and comes with 4 Full Detached garages. A Block from Wortley Village, 2 blocks from Downtown with bus stop outside. Building has always been fully tenanted and has a wait list. 52% of the building has been turned over with single professionals to market rent over the last 7 years. Building Nets 340k annually with potential of well over 500k with Airbnb. 3% Cap. Den size in 1+Den are 7 X 6. Electrical copper. Plumbing Feed lines copper. Owner will carry a 10% VTB if required. (id:34868)
Property Details
| MLS® Number | 40239641 |
| Property Type | Other |
| Communication Type | High Speed Internet |
| Features | Laundry- Coin Operated |
| Parking Space Total | 28 |
Building
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Constructed Date | 1940 |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 3 |
| Size Exterior | 26000.0000 |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Access Type | Road Access |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 3410 Ft |
| Size Frontage | 84 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R3-1 |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/24260757/50-ridout-street-s-london
Interested?
Contact us for more information
Rick Pritchard
Broker
Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
519-381-3499
Janelle Pritchard
Sales Representative -
Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
519-381-3499
Denise Mann
Sales Representative -
https://onesmartmove.ca
Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
519-381-3499
Phillip Hallman
Broker -
https://onesmartmove.ca/
Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
519-381-3499
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May 20 2022 07:05:32
London and St. Thomas Association of REALTORS®
Exp Realty