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 rents over the last 7 years. Building Nets 340k Annually with potential of well over 500k with Airbnb. Den size in 1+Dens are 7 X 6. Owner will carry a 10% vtb if required. (id:2471)
- Property Address: 50 RIDOUT Street S, London, Ontario, N6C3W6
- Property Type: Multi-family
- Zoning Description: R3-1
- Title: Freehold
- Acreage: 1/2 - 1.99 acres
- Sewage Type: Municipal sewage system
- Water Type: Municipal water
- Driveway: Detached Garage
- Total Parking Spaces: 28
- Style: Detached
- Storeys: 3
- Floor Space: 26000
- Building Age: 1940
- Bedrooms: 36
- Bathrooms: 36-Total
- Basement Type: Partial (Unfinished)
- Heating Type: Natural gas, Radiant heat
- Cooling: None
- Exterior Type: Brick
- Southern exposure
- Paved driveway
- Laundry- Coin operated
Listing Office: THRIVE REALTY GROUP INC.
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