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498 Adelaide St N 2,668 SF 100% Leased Office Building London, ON N6B 3J2 For Sale
EXECUTIVE SUMMARY
This mixed-use commercial / residential building on Adelaide Street North offers an excellent opportunity for investors or owner-occupiers. The property boasts excellent exposure and includes two commercial units and two residential units ( 1 bedroom and 2 bedrooms), along with nine on-site parking spaces. One of the commercial units is currently owner-occupied, with a flexible arrangement allowing the current owner to either lease back the space or vacate. A significant advantage for an owner-occupier is the vacant two-bedroom apartment. This allows a new owner to live on-site and operate their business while generating income from the other two leased units. Detailed rent roll and operating expenses are available upon request.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,668 SF
Building Class
B
Year Built
1900
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,334 SF
Building FAR
0.34
Lot Size
0.18 AC
Zoning
AC4
1 1
Bike Score®
Very Bikeable (74)
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498 Adelaide St N
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