Property Information:
Commercial opportunity near Wortley Village and downtown. >35000 traffic count per day, parking for 8 and opposite a busy Tim Hortons and Robert Q Airbus Terminal. Low taxes: $7311.55 (2024). 3 units total; all under lease: 2 retail and one enormous 3 bedroom, 2 bath apartment. Net rents over $70,000. Of the retail, a thriving butcher shop and busy hair salon occupy the main level units. The salon has been beautifully renovated and had major upgrades to plumbing and electrical systems. The apartment has separate entry through the back and features a showroom kitchen and and newly renovated baths. Over $100,000 spent on recent renovations (id:27)
Building Features:
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Style:
Retail
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Air Conditioning:
Yes
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Heating Type:
Other
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Heating Fuel:
Natural gas
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Cooling Type:
Fully air conditioned
Property Features:
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Property Type:
Retail
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Irregular:
Yes
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Lot Depth:
108.0 Feet
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Lot Frontage:
45.0 Feet
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Lot Size:
Bldg=45.01 x 108 FT
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Zoning:
AC2 (1)
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No. of Parking Spaces:
8
Neighbourhood Notes:
Old South is a historic neighbourhood just south of Downtown London. Old South is home to Wortley Village, which serves as the commercial and cultural heart of the neighbourhood with its many shops and restaurants, as well as the Landon Branch Library. The largest and most impressive park in the neighbourhood is Thames Park, which has tennis courts, an outdoor swimming pool, a picnic shelter, a community garden, and connections to the Thames Valley Parkway. Farquharson Arena, with two ice pads, is also located in the neighbourhood. There are a number of schools in the Old South neighbourhood. Victoria, Wortley Road, St. Martin, Mountsfield and Tecumseh serve elementary aged children, and London South Collegiate Institute is the local high school. High school students may also attend Catholic Central Secondary School.
