420 York Street, London East, ON N6B 1R1

$3,599,000

4 Bathrooms
Investment
MLS® X13881126

Listing Brokerage: CENTURY 21 FIRST CANADIAN CORP

Description

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.

Property details

MLS® number: X13881126
Transaction: For Sale
Property type: Commercial
Style / use: Investment
Community: East K
City: London East
Bathrooms: 4
Building area: 10000 Square Feet
Lot width: 100.2 Feet
Lot depth: 328 Feet
Approximate age: 31-50
Heating: Gas Forced Air Closed
Cooling: Yes
Garage: None
Taxes: $32,729.77
Tax year: 2026
Office area: 10000
Clear height (ft): 8
Listing brokerage: CENTURY 21 FIRST CANADIAN CORP

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