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206 Central Avenue London ON N6A 1M7

206 Central Avenue London ON N6A 1M7
$ 2,450,000.00

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Quick Info

MLS #: 40185626 Post Updated: 2021-12-17 22:57:25 Bedrooms: 7 LotSizeDimensions: 111.14 x 45.08
BuildingAreaTotal: 3506 Status: Type:

Description

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.

Rooms & Units Description

  • NumberOfUnitsTotal: 5

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Location & Schools

  • MLSAreaMajor: East
  • MLSAreaMinor: East F
  • CountyOrParish: Middlesex
  • Directions: CENTRAL AVE JUST WEST OF RICHMOND. HEART OF RICHMOND ROW.
  • Zoning: BUS DISTRICT COMMERCIAL

Property Details

  • ParcelNumber: 082630188
  • AboveGradeFinishedArea: 3506
  • StoriesTotal: 3
  • ConstructionMaterials: Stucco
  • AcresRange: < 0.5

Property Features

  • LotFeatures: Urban, Rectangular, Business Centre, City Lot, High Traffic Area, Park, Public Transit, Shopping Nearby
  • SecurityFeatures: Carbon Monoxide Detector, Carbon Monoxide Detector(s), Smoke Detector(s)
  • LaundryFeatures: In-Suite
  • InteriorFeatures: High Speed Internet, Separate Hydro Meters
  • Utilities: Electricity Connected, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup
  • Appliances: Instant Hot Water, Microwave, Dishwasher, Dryer, Refrigerator, Stove, Washer
  • Basement: Partial, Finished
  • FoundationDetails: Concrete Perimeter
  • Roof: Asphalt Shing
  • FrontageLength: Lot Front(45.08)
  • Cooling: Central Air
  • Heating: Baseboard, Electric, Forced Air, Natural Gas
  • ParkingTotal: 9
  • OpenParkingSpaces: 9
  • ParkingFeatures: Asphalt
  • FireplacesTotal: 4
  • FireplaceFeatures: Electric
  • Sewer: Sewer (Municipal)
  • WaterSource: Municipal

Courtesy of

  • ListOfficeName: SUTTON GROUP - SELECT REALTY INC., BROKERAGE

206 Central Avenue London ON N6A 1M7. MLS 40185626. This style property is located in London is currently . This property is listed at $ 2,450,000.00. It has 7 beds bedrooms, bathrooms. The property was built in year.

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