LOADING

50 Ridout Street S London, Ontario N6C 3W6

36 Bedroom 36 Bathroom 26000
None Radiant Heat

$11,650,000

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:18082)

Property Details

MLS® Number 40239157
Property Type Multi-family
Communication Type High Speed Internet
Equipment Type None
Features Southern Exposure, Paved Driveway, Laundry- Coin Operated
Parking Space Total 28
Rental Equipment Type None

Building

Bathroom Total 36
Bedrooms Total 36
Basement Development Unfinished
Basement Type Partial (unfinished)
Constructed Date 1940
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick
Fire Protection Alarm System
Heating Fuel Natural Gas
Heating Type Radiant Heat
Stories Total 3
Size Interior 26000
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 341 Ft
Size Frontage 84 Ft
Size Total Text 1/2 - 1.99 Acres
Zoning Description R3-1

Utilities

Electricity Available
Natural Gas Available

https://www.realtor.ca/real-estate/24260758/50-ridout-street-s-london

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