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.
Full Property Details
General
Business Type
-
Office Area
10000.00 Sq Ft
Total Area
10000.00 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
0
Double Man Shipping Doors
0
Grade Level Shipping Doors
0
Truck Level Shipping Doors
0
Business Type
-
Office Area
10000.00 Sq Ft
Total Area
10000.00 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
0
Double Man Shipping Doors
0
Grade Level Shipping Doors
0
Truck Level Shipping Doors
0
Interior
Washrooms
4
Heating Fuel
Gas Forced Air Closed
Air Conditioning
Yes
Washrooms
4
Heating Fuel
Gas Forced Air Closed
Air Conditioning
Yes
Exterior
Depth
328.0
Front
100.2
Lot Size
100 x 328.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
R01/RS
Depth
328.0
Front
100.2
Lot Size
100 x 328.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
R01/RS
Building Description
Home Type
Commercial
Subtype
Investment
Year Built
31-50
Sewers
Sanitary+Storm Available
Water Supply
Municipal
Possession Date
12/1/2026
Home Type
Commercial
Subtype
Investment
Year Built
31-50
Sewers
Sanitary+Storm Available
Water Supply
Municipal
Possession Date
12/1/2026
Community
Community
East K
Community
East K
Taxes & Fees
Taxes
$32,729.77 /yr
Tax Year
2026
Occupancy
Tenant
Taxes
$32,729.77 /yr
Tax Year
2026
Occupancy
Tenant
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