50 RIDOUT Street S, London, Ontario, N6C3W6
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:2471)
- Property Address: 50 RIDOUT Street S, London, Ontario, N6C3W6
- Property Type: Other
- Zoning Description: R3-1
- Title: Freehold
- Acreage: under 1/2 acre
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Access: Road access
- Driveway: Detached Garage
- Total Parking Spaces: 28
- Style: Detached
- Storeys: 3
- Building Age: 1940
- Basement Type: Partial (Unfinished)
- Heating Type: Natural gas, Radiant heat
- Cooling: None
- Exterior Type: Brick
- Laundry- Coin operated
Listing Office: THRIVE REALTY GROUP INC.
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