test for custom body
Address
206 CENTRAL Avenue London, ON
Price
$ 2,450,000
Property Attributes
  • ID#40185626
  • TypeMulti-Family
  • CityLondon
  • AreaLondon and St Thomas
  • NeighbourhoodCentral London
  • Postal CodeN6A 1M7
  • Style
  • Price$ 2,450,000
  • Bedrooms7
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3506
Listing Provided Courtesy Of:
Edward J P Milani with Sutton Group - Select Realty Inc., Brokerage
Data Source:
RLP - CREA EN
Property Description

Fabulous property on Richmond Row. Anchor property on main level. Burrito Boyz. 4 luxury apartments 11 bedrooms in total. High end luxury finishes. Assumable mortgage of $1,248,000. VENDOR WILL HOLD A SECOND MORTGAGE FOR $500,000 AT 3%. Located just steps off Richmond, west on Central Ave. Rare opportunity to own a luxury building in the heart of Richmond Row. Gross income over $158,000.00 a year. Burrito Boyz signed a 5 year lease plus 5 year option. Laminate floors, ceramic, quartz countertops. All stainless steel appliances. 4 bedroom units have 2 full baths. 3 fireplaces. Ample parking. Burrito Boys Current Rent: $3,245/Month = $38,940/Year. June 1, 2023 Increase: $3,595/Month = $43,140/Year. June 1, 2028 Increase: $3,975/Month = $47,700/Year. Plus their share of taxes. Current commercial lease runs until 2028 with an additional 5 year option to 2033.

General Features

Beds 7
Parking Spaces 9

Interior Features

Bedrooms 7

Exterior Features

Lot Frontage 45.08
Jumpid 16498234
Mls 40185626

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in N6A 1M7

Price
AVG $2.45M
$2.45M
Visits
AVG 67
66
Walkscore
AVG 83
83
Data Provided by Walkscore ® not using MLS data