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$1,299,000
Available - For Sale
Listing ID: X12072796
An incredible investment opportunity awaits with this meticulously maintained mixed-use building. Currently home to The Bag Lady Variety, a licensed 30-seat restaurant, the sale includes the business along with all chattels and fixtures, offering a seamless transition for a new owner. Above the restaurant, the property features two income-generating residential units: a 1-bedroom + office rented for $1,400/month (inclusive) and a 1-bedroom rented for $1,200/month (inclusive). A bonus owners loft on the upper level provides additional space. Recent updates include a new shingles (2020), furnace (2021), central air (2021), and water heater (2021), ensuring a hassle-free investment. With a projected annual rental income of $87,430, this property presents multiple possibilities continue operating The Bag Lady Variety with strong sales, introduce your own restaurant concept, or lease all units for a hands-off investment. Whether you're an entrepreneur looking for a turnkey business or an investor seeking strong rental income, this property is a rare opportunity to own a thriving asset in a prime location.
Price $1,299,000
Taxes: $6,703.87
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Owner+T
Address: 474 Pall Mall Stre , London East, N5Y 2Z4, Middlesex
Postal Code: N5Y 2Z4
Province/State: Middlesex
Directions/Cross Streets: MAITLAND ST.
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Category: Store With Apt/Office
Building Percentage: T
Total Area: 4,486
Total Area Code:  Square Feet
Office/Appartment Area: 2049
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Approximatly Age: 100+
Business/Building Name: The Bag Lady Variety
Financial Statement: T
Chattels: T
Franchise: F
Hours Open: Thursda
Employees #: 3
Seats: 30
Maintenance: 0
Expenses Actual/Estimated: $Est
Sprinklers: No
Outside Storage: F
Rail: N
Crane: F
Soil Test: No
Height Feet: 4
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Sanitary
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
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Total Payment $ $ $ $
Income Required $ $ $ $

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THRIVE REALTY GROUP INC.

474 Pall Mall Stre , London East, N5Y 2Z4, Middlesex

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Com - Store W Apt/Office
Area: Middlesex
Municipality: London East
Neighbourhood: East F
Style:
Lot Size: x 80.00(Feet)
Approximate Age: 100+
Tax: $6,703.87
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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