474 Pall Mall Street, London, ON N5Y 2Z4

London N5Y 2Z4 Ontario

MLS: X12072796

$1,299,000

Added 16 days ago | For Sale

Listed by: THRIVE REALTY GROUP INC.

About Property

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.

Features

  • House Style:Store W Apt/Office
  • Bathrooms:
  • Land Size: 37 X 80
  • Water:Municipal
  • Garage Spaces: /Outside/Surface
  • Driveway:
  • Heating Fuel:
  • Cross Street:MAITLAND ST.
  • Basement: ,
  • Possession Date:FLEX
  • Annual Property taxes: $6703.87
  • Bedrooms:
  • Total Parking Spaces:4
  • Parking Places:4
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12072796

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