Address
126 Clarke Road London, ON
Price
$ 2,500,000
Property Attributes
  • MLS#40182830
  • TypeCommercial
  • CountyMIDDLESEX
  • CityLondon
  • AreaEast
  • NeighborhoodEast I
  • ZipN5W 5E1
  • StyleIndustrial
  • Price$ 2,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage26206
  • Lot Size2.02 Acres
Listing Provided Courtesy Of:
LONDON LIVING REAL ESTATE LTD., BROKERAGE
Data Source:
Canada - Ontario Regional (ITSO) - 430 - CAN
Property Description

2.023 acres! Excellent opportunity to own over 2 acres of extremely potential property on a busy road in the growing City of London! Nice rectangular shape with 167.82 frontage. Great location. Easy access to highway. Most units are presently tenanted by Automotive businesses, but zoning (RSC1/3/5) allows many other uses as well: commercial, offices. You'd be able to find one in the zoning list for your purpose. The property has 5 well cared for buildings on it. The vendor has invested a considerable amount of funds for improvement of the property. There are 10 units altogether; 8 units are rented out, which generates great annual revenue. Most long-term tenants with good lease terms. One unit used by the vendor for storage, just one unit vacant. For the one vacant unit, mechanic shop(two hoists, etc.), you may bring in your own idea or rent it out for more rental income. Do not speak to the tenants. Contact Listing Agent for all inquiries.

Price History
11/1/2021 Listed $2,500,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in N5W 5E1

Price
AVG $2.5M
$2.5M
Visits
AVG 7
6
Year Built
AVG 1976
1976

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