ON > London > East F
London, ON N5Y 2Z4,474 Pall Mall ST
London, ON N5Y 2Z4,474 Pall Mall ST
London, ON N5Y 2Z4,474 Pall Mall ST
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$1,299,000
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4,486 SqFt
New

474 Pall Mall ST London, ON N5Y 2Z4

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

UPDATED:

Key Details

Property Type Commercial

Sub Type Store W Apt/Office

Listing Status Active

Purchase Type For Sale

Square Footage 4,486 sqft

Price per Sqft $289

Subdivision East F

MLS Listing ID X12072796

Building Age 100+

Annual Tax Amount $6,703

Tax Year 2024

Property Sub-Type Store W Apt/Office

Property Description

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.

Location

Province ON

County Middlesex

Community East F

Area Middlesex

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 37.0

Lot Depth 80.0

Others

Security Features No

Virtual Tour https://tours.clubtours.ca/vtnb/355039

Listed by THRIVE REALTY GROUP INC.
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agent

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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474 Pall Mall ST

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