$3,800,000
420 York Street, London East, ON N6B 1R1
— beds4 baths
Key facts
- MLS®
- X13568182
- Status
- New
- Type
- Investment
- Taxes
- $32,730
- Lot
- 0.65 Feet
- Listed
- 2026-07-15
- Brokerage
- CENTURY 21 FIRST CANADIAN CORP
- Cross street
- Burwell Street
Description
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.
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.