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462 Cheapside St 5,500 SF 100% Leased Retail Building London, ON N5Y 3X2 $1,885,000 CAD ($342.73 CAD/SF)
Executive Summary
Mixed use property for sale in the heart of old north. This building is in immaculate condition with many recent upgrades / renovations completed. Two main floor commercial units; Unit 1 is leased to a bakery (total of 3,143 SF on the main and lower level) - currently on a month to month lease offering for an owner occupier opportunity; and Unit 2 is leased to an Indian grocery store (total of 1,205 SF on the main and lower level) leased until 2030 plus a 2nd floor newly-renovated 2-bedroom residential unit. Unit 1 was formerly a hair salon and offers lots of plumbing throughout the unit. 16 parking spaces on-site.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
5,500 SF
Building Class
C
Year Built
2000
Price
$1,885,000 CAD
Price Per SF
$342.73 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.40
Lot Size
0.09 AC
Zoning
CC
Parking
16 Spaces (2.91 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 2
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462 Cheapside St
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