An incredible investment opportunity awaits with this meticulously maintained mixed-use building. Currently home to The Bag Lady Variety, a licensed 30-seat restaurant, the sale includes the business along with all chattels and fixtures, offering a seamless transition for a new owner. Above the restaurant, the property features two income-generating residential units: a 1-bedroom + office rented for $1,400/month (inclusive) and a 1-bedroom rented for $1,200/month (inclusive). A bonus owners loft on the upper level provides additional space. Recent updates include a new shingles (2020), furnace (2021), central air (2021), and water heater (2021), ensuring a hassle-free investment. With a projected annual rental income of $87,430, this property presents multiple possibilities continue operating The Bag Lady Variety with strong sales, introduce your own restaurant concept, or lease all units for a hands-off investment. Whether you're an entrepreneur looking for a turnkey business or an investor seeking strong rental income, this property is a rare opportunity to own a thriving asset in a prime location. (id:4069)
Address
474 PALL MALL STREET
List Price
$1,299,000
Property Type
Retail
Type of Dwelling
Residential Commercial Mix
Area
Ontario
Sub-Area
London
Floor Area
4,486 Sq. Ft.
Lot Size
37 x 80 FT Sq. Ft.
MLS® Number
X12072796
Listing Brokerage
THRIVE REALTY GROUP INC.
Postal Code
N5Y2Z4
Zoning
R2-2
