Property Details

50 RIDOUT Street S, London, Ontario, N6C3W6

50 RIDOUT Street S, London, Ontario, N6C3W6 (ID 40239157)
Representative
Sagheer Chattha and Pal Dhillon
Real Estate Brokers
RE/MAX Centre City Realty Inc., Brokerage - London*
Cell: Sagheer: 519-694-1850 | Pal:519-619-9497
Tel: 519- 667-1800

$11,650,000 - For sale

ID#:40239157

Once in a generation property A+ Asset for sale. This triple Brick 36 unit building (12 x 1+Den and 24 X 1 Bed) has Terazzo Floors, New roofs on all 3 buildings plus garage while backing onto the Thames river. Building lot line goes right to the river and comes with 4 full detached garages. A block from Wortley Village, 2 blocks from Downtown with bus stop outside. Building has always been fully tenanted and has a wait list. 52% of the building has been turned over with single professionals to market rents over the last 7 years. Building Nets 340k Annually with potential of well over 500k with Airbnb. Den size in 1+Dens are 7 X 6. Owner will carry a 10% vtb if required. (id:2471)

Location DescriptionLocated on corner of Ridout St S and Carfrae St

Property Details
  • Property Address:50 RIDOUT Street S, London, Ontario, N6C3W6
  • Property Type:Multi-family
  • Title:Freehold
  • Acreage:1/2 - 1.99 acres
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Driveway:Detached Garage
  • Parking Space Total:28
Structure Details for 50 RIDOUT Street S, London, Ontario, N6C3W6
  • Building Age:1940
  • Bedrooms:36
  • Bathrooms:36
  • Floor Space:26000
  • Heating Type:Natural gas, Radiant heat
  • Style:Detached
  • Storeys:3
  • Basement Type:Partial (Unfinished)
  • Cooling Type:None
  • Rental Equipment:None
  • Exterior Type:Brick
Amenities for 50 RIDOUT Street S, London, Ontario, N6C3W6 Southern exposure, Paved driveway, Laundry- Coin operated
Representative
Sagheer Chattha and Pal Dhillon
Real Estate Brokers
RE/MAX Centre City Realty Inc., Brokerage - London*
Cell: Sagheer: 519-694-1850 | Pal:519-619-9497
Tel: 519- 667-1800
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50 RIDOUT Street S, London, Ontario, N6C3W6

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