420 York Street London East, Ontario N6B 1R1
$3,800,000
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. (id:38414)
Property Details
| MLS® Number | X13568182 |
| Property Type | Office |
| Community Name | East K |
| Equipment Type | Water Heater |
| Features | Irregular Lot Size |
| Parking Space Total | 42 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 4 |
| Age | 31 To 50 Years |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 10,000 Sqft |
| Type | Offices |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 328 Ft |
| Size Frontage | 100 Ft ,2 In |
| Size Irregular | 0.65 |
| Size Total | 0.65 Ac |
| Size Total Text | 0.65 Ac |
| Zoning Description | R01/rs |
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August 12 2026 04:50:48
London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp