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474 Pall Mall Street Image 1

$1,299,000

Apr 9Store W Apt/Office For Sale
bedroomsbed
washrooms0bath
MLS - #X12072796

474 Pall Mall Street, London East, ON N5Y 2Z4

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Average Price
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Price Comparison

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Property Description

Property type

Store W Apt/Office

Lot size

N/A

Style

Approx. Area

N/A

About 474 Pall Mall Street

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.

Home Overview

Last updated

Apr 11

Virtual tour

None

Basement information

Building size

4486

Status

In-Active

Property sub type

Store W Apt/Office

Maintenance fee

$N/A

Year built

2024

Listed by THRIVE REALTY GROUP INC.

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Open
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

Location

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Walk Score for 474 Pall Mall Street

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