Property Description

Small medical building for sale at the corner of Cheapside and Adelaide. First time offered for sale. Neighboring property at 909 Adelaide also available for purchase. Zoning permits Medical/Dental, Medical/Dental Laboratories, Clinic and Offices. 5.90% Capitalization Rate on proforma income with 2 vacancies rented at market rents. Unit 206 (703 SF) and Unit 200 (299 SF) currently available for lease or owner/ users. Tenant all on Net Leases. Confidentiality Agreement to be completed for access to additional financial details. Taxes to be assessed. Property has merged on title with 909 Adelaide Street N. Seller preference is for properties to be purchased together. Alternatively closing will need to be delayed until severance completed.

Features
: Gas Forced Air Closd
: Y
: None
: N
Address Map
CA
Ontario
London
N5Y 2M6
Adelaide
1001
0
W82° 45' 34.9''
N43° 0' 20.4''
More info
CBRE LIMITED
125
2025-01-09 15:34:05.0
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Investment For Sale

1001 Adelaide St, London, Ontario N5Y 2M6

  • Area: 7,810 Sqft
  • Visits : 12 in 2 days
$1,559,000
Listing ID#X9308392
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Basic Details
Property Type : Investment
Listing Type : For Sale
Listing ID : X9308392
Price : $1,559,000
Area : 7,810 Sqft
Year Built : 0
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Firas Al-Rifay
Ontario Real Estate @JDF Realty.LTD Brokerage
Ontario Real Estate @JDF Realty.LTD Brokerage
999 Edgeley Blvd. Units 5-6 Vaughan, Ontario, Canada L4K 4R7
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