Cap rate 7.8%! Prime location in downtown London! Approx 3530 SqFt. Three story building. Main floor approx 1330 Sqft retail used as Richmond Magazine and Variety, successfully running since 1997. The second floor fully renovated in 2011 with three bedroom apartment approx 1100 Sqft. The third level three bedroom unit approx 1100 Sqft. Brand new building added on in 2004. Newer shingle 2013. Currently the owner live on the third floor and run variety store business. The asking price includes the variety business. Suitable for people looking for property to run their business living on the premise. For investor, the potential income: NOI $87,388 per year ( Retail $3500 per month plux $500 of tax/insurance & residential income of 6 bedroom at $760/per room utility inclusive). Call for detail. Zoning DA1 does allow mulitiple commercial usage including restaurants, retail, apartment building, hotel, supermarket, amusement game, art gallery, bake shop, assembly halls, clinics, day care, group house etc. Excellent choice for business owners or investors! (id:41195)
181 COMMISSIONERS ROAD WEST, London ON N6J1X9
Office: (519) 438-2222
Fax: (519) 438-1886
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Team Beckett, Terry, Sheri, Terry and Joy, all have their specialized work in the buying, selling process, truly a team effort, were so easy to work with. My wife and I interviewed them to see if they were the right Realtors for us. The interview lasted a good hour and within 5 minutes upon completion we knew they were the ones.
We have had several Realtors over the years but Team Beckett are over and above all of the others by far. They are honest, respectful, hard working, considerate, reliable, prompt and very knowledgeable of the market. We could contact them any time of the day and receive a quick response.
Team Beckett were willing to show us any house we wanted to see, fitting us into their busy schedules. They were very thorough in all aspects of the job from marketing your house, looking at houses, pointing out the good and bad points of the house, to filling out ALL the paperwork involved in real estate.
Buying and selling is a very stressful process but they walked us through it, making it so much easier.
We would definitely work with Team Beckett again, if and when the need arises, and would highly recommend Team Beckett to anyone that has interest in buying or selling a home.
Dennis and Kim
“I would like to say how extremely satisfied I am with all the services I received from you and your Team in the selling of my home in Mount Brydges was invaluable. Joyce’s Real Estate Team was also invaluable to me in the purchase of my new condo in North London.
I found the professionalism, experience and well crafted marketing plan were the factors that helped sell my home for full price. The Pre Home Inspection and Professional Staging that you offered proved to be very valuable tools.
I have already made many referrals and and recommendations to my friends and business associates”.
Selling my parents’ house was the easiest part of the estate process, thanks to Team Beckett. After considering other agents’ advice as to the target price and type of buyer, I placed my bet on Terry Beckett, and I am so glad I did! He formulated a sales strategy that worked for my situation. For a little more money he could advertise widely and build momentum. Terry delivered on every promise, as did the family team. Like a well-oiled machine Sheri handled the phone calls, Joy wrote a very appealing property description, Terry E.W. filled in where needed. With an open house and multiple realtors bringing over 70 diverse clients, 10 great offers were made and a the house was sold. I am still pinching myself!
Just a quick note to say thank you for the excellent service provided to my niece Roxanne in the listing and selling of her home in London.
You and your team made the whole process very understandable for people who have not dealt in real estate matters in quite some time.
Your advice was very well founded and obviously spot on which lead to a quick and very acceptable finish.
Once again Joyce thank you and I look forward to sending you another referral as soon as I can.
We loved the checklists you provided on your terrific website.
We found them very informative and helpful in making the transaction stress free.
We will definitely recommend Joyce Byrne Real Estate Team to friends and family.
Christie & Nick Cogghe
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