$3,800,000
Available - For Sale
Listing ID: X13568182
420 York Street , London East, N6B 1R1, Middlesex
| Prime investment opportunity in central London. The property is leased to Century 21 First Canadian Realty Corp. with a net operating income of $180,000.00 until December 31, 2027 and increasing to $204,000.00 on January 1, 2028 with the lease expiring on December 31, 2032 cap rate of 5.4% based on NOI of $204,000. Building consists of approximately 10,000 square feet with 42 on site parking spaces. Completely renovated in 2006 and a new roof was installed in May of 2026 except for canopy/overhang. Plenty of residential development in the immediate area and the property abuts the Rapid Transit Line on King Street. This would make an excellent addition to any investment portfolio. |
| Price | $3,800,000 |
| Taxes: | $32729.77 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 420 York Street , London East, N6B 1R1, Middlesex |
| Postal Code: | N6B 1R1 |
| Province/State: | Middlesex |
| Legal Description: | PT LT 12 , N/E YORK STREET , PART 1 , 33 |
| Directions/Cross Streets: | Burwell 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 |
| Category: | Office |
| Building Percentage: | F |
| Total Area: | 10000.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 10000 |
| Office/Appartment Area Code: | Sq Ft |
| Approximatly Age: | 31-50 |
| Sprinklers: | No |
| Washrooms: | 4 |
| Rail: | N |
| Clear Height Feet: | 8 |
| Truck Level Shipping Doors #: | 0 |
| Double Man Shipping Doors #: | 0 |
| Drive-In Level Shipping Doors #: | 0 |
| Grade Level Shipping Doors #: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary+Storm |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| CENTURY 21 FIRST CANADIAN CORP |
|
|
Edward Matar
Sales Representative
Dir:
416-917-6343
Bus:
416-745-2300
Fax:
416-745-1952
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East K |
| Approximate Age: | 31-50 |
| Tax: | $32,729.77 |
| Baths: | 4 |
| Fireplace: | N |
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