$497,000
Available - For Sale
Listing ID: X12454905
389 Lyle Street , London East, N5W 3R6, Middlesex
| This exceptional commercial property presents a prime investment opportunity in a desirable London location. The approx. 2,300-square-foot building, situated between York, King, and Dundas Streets, offers convenient on-site around 12 car parking. Its versatile zoning accommodates a wide range of business uses. Recent renovations, totaling approximately $130,000, include a newly converted four-bedroom, two-bathroom residential unit upstairs, which is currently rented with monthly rent of CAD $ 1800. Oct 2025 - new roof. The main floor offers significant potential for various commercial ventures, such as office space, restaurants, or wellness centers. This unique property combines the benefits of live-in accommodation and a ground-floor business area, ideally suited for entrepreneurs seeking to minimize living expenses while operating their business. Further enhancing its appeal are wheelchair accessibility features, controlled entry with video surveillance, and an owned hot water tank. |
| Price | $497,000 |
| Taxes: | $8736.00 |
| Tax Type: | Annual |
| Occupancy: | Vacant |
| Address: | 389 Lyle Street , London East, N5W 3R6, Middlesex |
| Postal Code: | N5W 3R6 |
| Province/State: | Middlesex |
| Legal Description: | PT LTS 29 & 30 S/S DUNDAS ST & PT LT 32 |
| Directions/Cross Streets: | Dundas St and Lyle 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: | Multi-Use |
| Use: | Retail Store Related |
| Building Percentage: | T |
| Total Area: | 2300.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | % |
| Franchise: | F |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Clear Height Feet: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary |
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| HOMELIFE/MIRACLE REALTY LTD |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East L |
| Tax: | $8,736 |
| Fireplace: | N |
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