474 Pall Mall Street , London, ON N5Y 2Z4
London, ON N5Y 2Z4
Description
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.
Details
| MLS# | X12072796 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 14 |
| Listing Provided By | THRIVE REALTY GROUP INC. | X12072796 396202 |
Features
| SQ Feet | 4,486 |
|---|---|
| Acreage | 0.10 |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Middlesex |
| City | London |
| Postal Code | N5Y 2Z4 |
| Area | East F |
| Listing VS Median (In N5Y 2Z4) | |
Price: $1,299,000 low | high Med: $1,299,000 SqFt: 4,486 low | high Med: 4,486 $ / SqFt: $290 low | high Med: $290 On site: 14 low | high Med: 14.000000 | |
