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    50 Ridout S Street London ON N6C 3W6

    $ 11,650,000.00

    50 Ridout S Street London ON N6C 3W6
    • MLS #: 40239157
    • Post Updated: 2022-04-12 09:26:11
    • Bedrooms: 36
    • Bathrooms: 36
    • LotSizeDimensions: 341 x 84
    • BuildingAreaTotal: 26500
    • Year built: 1940
    • Status:
    • Type:

    Description

    Once in a generation property A+ Asset for sale. This triple Brick 36 unit building (12 x 1+Den and 24 X 1 Bed) has Terazzo Floors, New roofs on all 3 buildings plus garage while backing onto the Thames river. Building lot line goes right to the river and comes with 4 full detached garages. A block from Wortley Village, 2 blocks from Downtown with bus stop outside. Building has always been fully tenanted and has a wait list. 52% of the building has been turned over with single professionals to market rents over the last 7 years. Building Nets 340k Annually with potential of well over 500k with Airbnb. Den size in 1+Dens are 7 X 6. Owner will carry a 10% vtb if required.

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    Location & Schools

    • MLSAreaMajor: South
    • MLSAreaMinor: South F
    • CountyOrParish: Middlesex
    • CrossStreet: Carfrea
    • Directions: Located on corner of Ridout St S and Carfrae St
    • ElementarySchool: Wortley
    • HighSchool: South
    • Zoning: R3-1

    Property Details

    • ParcelNumber: 083740012
    • AboveGradeFinishedArea: 26000
    • BelowGradeFinishedArea: 500
    • StoriesTotal: 3
    • ConstructionMaterials: Brick
    • OtherStructures: Other
    • DirectionFaces: East
    • AcresRange: 0.50–1.99

    Courtesy of

    • ListOfficeName: THRIVE REALTY GROUP INC.

    50 Ridout S Street London ON N6C 3W6. MLS 40239157. This style property is located in South London is currently . This property is listed at $ 11,650,000.00. It has 36 beds bedrooms, 36 baths bathrooms. The property was built in 1940 year.

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