389 Lyle St
London, N5W3R6
For Sale
$499,900
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➧
Multi-Use
CATEGORY2,300 Sq Ft
TOTAL AREAX10409056
MLSIDContact Us
Property Description
Amazing opportunity to own this gem of a commercial property in London. Approx 2300 sqft, located in a prime core location between York, King and Dundas area with onsite free parking. Currently rented at$4500 plus utilities. Tenants willing to stay but vacant possession also possible. Has zoning for a variety of businesses. Approx $130k spend on renovations. Upstairs has recently been converted into 4bed 2 bath residential unit and main floor has potential for plenty of businesses from office space to restaurants/wellness center. Commercial offering a live-in upper and business on the lower level. This could be a perfect opportunity for an entrepreneur to live at a low cost while operating a business below. The main level has many wheel chair accessibility features included. There is an intercom system throughout and lighting can also be controlled remotely for investors. Onsite parking, controlled remotely for investors. Onsite parking, controlled entry with video, owned HWT. Directions to Property: HEADING EAST ON DUNDAS ST, TURN RIGHT ON LYLE. THE PARKING LOT & PROPERTY ARELOCATED ON YOUR RIGHT-HAND SIDE.
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Property Details
Category
Multi-Use
Usage
Retail Store Related
Zoning
Commercial - BDC OR
Total Area
2,300 Sq Ft
Retail Area
50.0
Lot Size
132' x 88'
Taxes
$8,852 (2023)
Air Conditioning
Yes
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Listing contracted with Executive Homes Realty Inc.
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