$1,299,000
Available - For Sale
Listing ID: X12072796
474 Pall Mall Street , London East, N5Y 2Z4, Middlesex
| 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. |
| Price | $1,299,000 |
| Taxes: | $6703.87 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | Owner+T |
| Address: | 474 Pall Mall Street , London East, N5Y 2Z4, Middlesex |
| Postal Code: | N5Y 2Z4 |
| Province/State: | Middlesex |
| Directions/Cross Streets: | MAITLAND ST. |
| 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 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Category: | Store With Apt/Office |
| Building Percentage: | T |
| Total Area: | 4486.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 2049 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 100+ |
| Business/Building Name: | The Bag Lady Variety |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Hours Open: | Thursda |
| Employees #: | 3 |
| Seats: | 30 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | No |
| Washrooms: | 0 |
| Outside Storage: | F |
| Rail: | N |
| Crane: | F |
| Soil Test: | No |
| Height Feet: | 4 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| THRIVE REALTY GROUP INC. |
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At a Glance:
| Type: | Com - Store W Apt/Office |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East F |
| Approximate Age: | 100+ |
| Tax: | $6,703.87 |
| Fireplace: | N |
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