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

$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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