Property Details

206 CENTRAL Avenue, London, Ontario, N6A1M7

206 CENTRAL Avenue, London, Ontario, N6A1M7 (ID 40185626)
Representative
Deborah Rankin portrait
Deborah Rankin
Sales Representative
Synergy Realty Ltd. Brokerage
Cell: 519-245-4189

$2,450,000 - For sale

ID#:40185626

Fabulous property on Richmond Row. Anchor property on main level. Burrito Boyz. 4 luxury apartments 11 bedrooms in total. High end luxury finishes. Assumable mortgage of $1,248,000. VENDOR WILL HOLD A SECOND MORTGAGE FOR $500,000 AT 3%. Located just steps off Richmond, west on Central Ave. Rare opportunity to own a luxury building in the heart of Richmond Row. Gross income over $158,000.00 a year. Burrito Boyz signed a 5 year lease plus 5 year option. Laminate floors, ceramic, quartz countertops. All stainless steel appliances. 4 bedroom units have 2 full baths. 3 fireplaces. Ample parking. Burrito Boys Current Rent: $3,245/Month = $38,940/Year. June 1, 2023 Increase: $3,595/Month = $43,140/Year. June 1, 2028 Increase: $3,975/Month = $47,700/Year. Plus their share of taxes. Current commercial lease runs until 2028 with an additional 5 year option to 2033. (id:2471)

Location DescriptionCENTRAL AVE JUST WEST OF RICHMOND. HEART OF RICHMOND ROW.

Property Details
  • Property Address:206 CENTRAL Avenue, London, Ontario, N6A1M7
  • Property Type:Multi-family
  • Title:Freehold
  • Acreage:under 1/2 acre
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
Structure Details for 206 CENTRAL Avenue, London, Ontario, N6A1M7
  • Bedrooms:7
  • Floor Space:3506
  • Heating Type:Electric, Natural gas, Baseboard heaters, Forced air
  • Style:Detached
  • Storeys:3
  • Basement Type:Partial (Finished)
  • Cooling Type:Central air conditioning
  • Appliances Included:Microwave
  • Exterior Type:Stucco
Amenities for 206 CENTRAL Avenue, London, Ontario, N6A1M7 Park/reserve, Paved driveway, High Traffic Area
  • Amenities Nearby:Park, Public Transit, Shopping
Representative
Deborah Rankin portrait
Deborah Rankin
Sales Representative
Synergy Realty Ltd. Brokerage
Cell: 519-245-4189
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206 CENTRAL Avenue, London, Ontario, N6A1M7

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