392-396 CLARENCE St

Welcome to an unparalleled investment opportunity in the heart of the City of London! This licensed three-unit residential haven, coupled with a prime main floor commercial space and a lucrative basement commercial unit, stands as a beacon for savvy investors seeking a slice of urban prosperity. Strategically positioned on the prestigious "My Dundas Place" design stretch, this mixed-use building promises both immediate and long-term returns. The residential units, a trio of thoughtfully furnished spaces, offer an enticing prospect for tenants, ensuring swift occupancy. The property boasts a host of upgrades, including a newer furnace for the commercial unit, modern mini-splits in units 2 and 3, a partial roof replacement, comprehensive video surveillance system wired throughout, electronic door locks for each unit, and a pre-secured rental license all meticulously designed to elevate this property into an investor's dream.

Welcome to Len Powell Garage! With a reputable history and loaded with all the tools, this turn-key business is ready for a new owner. The building has went through several upgrades including 3 new insulated bay doors, a furnace upgrade in 2020, new LED lighting system in 2020, and has been cared for over several years. Building has one floor water separator, 200 amp service, 2 radiant tube heaters in shop. Fully licensed with the City of London. The business and building sit on a oversized double lot that has room for expansion and parking for over 40 cars! With all the state of the art equipment, excellent reputation, and well taken care of building, what else would you want? DO NOT GO TO THE PROPERTY DIRECT. CONTACT LISTING AGENT FOR SHOWINGS.

Excellent high visibility corner of Dundas and Dorinda. 3 buildings abutting. Presently laundromat (1062 Dundas) owner operated earns $50k-$60k annually business included. 1064 Dundas rented to a barber shop with annual income $10,200 plus utilities for decades. 1066 Dundas $700 SQFT vacant retail store with bathroom and two bedroom apartment with potential annual income $36,000 plus utilities. Also, there is a one bedroom apartment at rear part of property with a separate entrance which is occupied by the owner- it could be rented for another $1000 plus each month as a bonus. Basement are partially finished are currently used for the owner's workshop. Cash flow earns. The owner is selling for retirement. Property is sold "as is". Property in need of extensive renovations with great potential. The BDC Zone variation provides a WIDE mix of retail, restaurant, and neighbourhood facility, office, and residential uses which are appropriate in all Business District Commercial Zone variations. Potential future development as well.

Move in ready commercial space downtown London with amazing exposure to 80,000+ cars passing daily, including a beautiful 2 bedroom plus loft home with vaulted ceilings, spacious bedrooms, living space & backyard. Zoning permits many uses (see documents section for detail), and there is 1485 sq ft of storage space / workshop in the lower level. Bakery equipment negotiable. Spacious and bright home featuring a large 9ft x 6ft bathroom with a full walk-in shower, plenty of windows and natural light, and step out onto the sprawling back deck overlooking a nicely landscaped garden and fruit trees in a fully fenced backyard. Parking for up to 4 cars. Well insulated with newer roof, windows, and save money on separate commercial taxes ($4,232.87) and residential taxes ($1,260.93). Seller open to VTB.