$1,890,000
Available - For Sale
Listing ID: X12414039
295 Wolfe Street , London East, N6B 2C4, Middlesex
| Rare opportunity to acquire a solid masonry three story mixed use office residential building built in 1987 across from Victoria Park. Building consists of three commercial units and three residential units. Total square footage of 6,691. Current net operating income of $121,775.00 offering a 6.4% cap rate. Very suitable for owner occupied and an excellent investment opportunity. Onsite parking for 16 vehicles. Building in top condition with high end finishes. Many recent improvements-three residential units added around 10 years ago, 2nd floor HVAC units new in 2016, and Apt#3 in 2018, new HVAC for suite 1 in August 2022 and new HVAC for Apt. 1 in July 2022. Copy of rent roll, a recently completed Phase One ESA, floor plans and Fire Inspection Letter available upon request. |
| Price | $1,890,000 |
| Taxes: | $27903.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Vacant |
| Address: | 295 Wolfe Street , London East, N6B 2C4, Middlesex |
| Postal Code: | N6B 2C4 |
| Province/State: | Middlesex |
| Directions/Cross Streets: | Wellington Street |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Office |
| Use: | Professional Office |
| Building Percentage: | F |
| Total Area: | 6691.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 4691 |
| Office/Appartment Area Code: | Sq Ft |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
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| RE/MAX CENTRE CITY REALTY INC. |
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At a Glance:
| Type: | Com - Office |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East F |
| Tax: | $27,903 |
| Fireplace: | N |
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