50 Ridout Street S London, Ontario N6C 3W6
$11,650,000
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. (id:24910)
Property Details
| MLS® Number | 40239157 |
| Property Type | Multi-family |
| Communication Type | High Speed Internet |
| Equipment Type | None |
| Features | Southern Exposure, Paved Driveway, Laundry- Coin Operated |
| Parking Space Total | 28 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 36 |
| Bedrooms Total | 36 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Constructed Date | 1940 |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Brick |
| Fire Protection | Alarm System |
| Fireplace Present | No |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 3 |
| Size Interior | 26000 |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 341 Ft |
| Size Frontage | 84 Ft |
| Size Total Text | 1/2 - 1.99 Acres |
| Zoning Description | R3-1 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
https://www.realtor.ca/real-estate/24260758/50-ridout-street-s-london
Interested?
Contact us for more information
Michael Van Houdt
Salesperson
163 Commissioners Road W # 6a
London, Ontario N6J 1X9
(519) 204-5055
www.thriverealtygroup.ca
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
London and St. Thomas Association of REALTORS®
Thrive Realty Group Inc.
May 20 2022 07:05:42
