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580 WATERLOO STREET, London East (East F), Ontario, N6B 2P9

MLS® # X12969880
Commercial For Sale In Central London, London East (East F), Ontario
$1,069,000

None Beds

580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
580 Waterloo Street, London East (East F), ON
  • Advertising
580 WATERLOO STREET, London East (East F), Ontario, N6B 2P9
$1,069,000

Property Information:

Fantastic opportunity for investors or business office with income to cover expenses. Welcome to 580 Waterloo St., a freestanding, mixed use 2 story building, with many updates and improvements. The main and upper floors comprising of 2275 Sq Ft of office space, and 2 residential units in the basement. The upper office tenant is currently leased until August 31, 2026 and main floor office tenants renewed their lease for another 3 years until December 31, 2028. with an option for either party to terminate with 6 months notice. An ideal situation for an investor to occupy or pick you own tenants and lease. Current financial information is based on present income and potential market rents. Office tenants pays electricity, gas and water. Residential tenants rent includes $95/$79 toward water. Some of the updates include furnaces, central airs and water heaters. Replaced rear porch. Renovated front porch. Replaced commercial outside doors (front & rear). Outside lighting, brick repointing and replacement as needed. Replaced rear eaves and downspouts. Updated one basement res unit after tenant vacated. Gross Income $85,728 net Income $63,536.. for a 6.3 Cap rate (id:27)

Building Features:

  • Style: Office
  • Building Type: Offices
  • Air Conditioning: Yes
  • Floor Space: 3022 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Office
  • Amenities Nearby: Public Transit
  • Floor Space (approx): 3022 Square Feet
  • Irregular: Yes
  • Lot Depth: 131 Feet
  • Lot Frontage: 53 Feet
  • Lot Size: Bldg=53 x 131 FT
  • Zoning: R3-2 OC2

Courtesy of: PRIME REAL ESTATE BROKERAGE

REALTOR.ca  

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Market Price Trends

Single family detached

0.83%

Price change (1 year)

16.33%

Price change (5 years)

All Properties

-6.88%

Price change (1 year)

25.63%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 580 WATERLOO STREET, London East (East F), Ontario, N6B 2P9

Demographic Information of 580 WATERLOO STREET, London East (East F), Ontario, N6B 2P9

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$110,767.31

Average Number of Children

1.46

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

6.15 %

High school certificate or equivalent

28.34 %

Apprenticeship trade certificate/diploma

3.36 %

College/non-university certificate

19.38 %

University certificate (below bachelor)

1.99 %

University Degree

40.78 %

Commuter

Travel To Work

By Car

63.05 %

By Public Transit

15.13 %

By Walking

17.38 %

By Bicycle

2.19 %

By Other Methods

2.25 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

80.59 %

Houses

19.41 %

Own Vs. Rent

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