Sherry Farid
RE/MAX Centre City Realty Inc., Brokerage

Property Details

462 CHEAPSIDE Street, London, Ontario, N5Y3X2

462 CHEAPSIDE Street, London, Ontario, N5Y3X2 (ID 40402620)
Representative
Sherry Farid portrait
Sherry Farid
Sales Representative, B.A., ABR, ASA
RE/MAX Centre City Realty Inc., Brokerage - REMAXLondon.com
Cell: 519-871-8998
Tel: 519-667-1800
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$2,300,000 - For sale

ID#:40402620

This mixed-use property in the heart of OLD NORTH is the perfect opportunity for an owner occupied business or an investor looking to add a great property to their portfolio with the bonus of choosing a tenant! 2 commercials units with just over 5,500sqft of combined commercial space, and a single residential unit above. Unit 1 previously used as a hair salon. Featuring up to 7 independent hair stylist stations, large waiting area, tanning bed 3 phase rough-in, 3 private wedding party prep rooms that could also be used for an aesthetician or similar, staff lounge/kitchen, 2 pairs of washers/dryers, and more! Unit 2 Babu's Mart, a convenience store currently leased until 2025 (under market value). Residential unit recently fully renovated with 2 bedrooms currently leased at $2400 + personal hydro, with a dedicated parking spot. High exposure location on the corner of Cheapside & Maitland, with over 10,000 daily commuters, and nearby bus lines direct to downtown, Western University, and more. 16 total parking spots on site, staff & visitor parking predefined spots. Many upgrades throughout the years with meticulous care as it was owner operated. Some major items include commercial grade furnace, commercial A/C that can run during winter, roof, electrical and more. Salon items negotiable. Zoned CC which accommodates a variety of uses. This is likely the one you've been looking for! (id:2471)

Location DescriptionFrom Richmond St, head East on Cheapside St. Property on corner of Cheapside St and Maitland St.

Property Details
  • Property Address:462 CHEAPSIDE Street, London, Ontario, N5Y3X2
  • Property Type:Other
  • Title:Freehold
  • Acreage:under 1/2 acre
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Parking Space Total:16
Structure Details for 462 CHEAPSIDE Street, London, Ontario, N5Y3X2
  • Heating Type:Natural gas, Forced air
  • Style:Detached
  • Storeys:2
  • Basement Type:Full (Finished)
  • Cooling Type:Central air conditioning
  • Rental Equipment:Water Heater
  • Exterior Type:Brick, Stucco, Vinyl siding
Amenities for 462 CHEAPSIDE Street, London, Ontario, N5Y3X2 Corner Site, Paved driveway, Landscaped, High Traffic Area
  • Amenities Nearby:Public Transit
Representative
Sherry Farid portrait
Sherry Farid
Sales Representative, B.A., ABR, ASA
RE/MAX Centre City Realty Inc., Brokerage - REMAXLondon.com
Cell: 519-871-8998
Tel: 519-667-1800
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462 CHEAPSIDE Street, London, Ontario, N5Y3X2

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