580 Waterloo St, London East, N6B 2P9

Listing Overview

Description

Fantastic opportunity for investors or business office with income to cover expenses. Welcome to 580 Waterloo St., a freestanding, mixed use 2 story building, with many updates and improvements. The main and upper floors comprising of 2275 Sq Ft of office space, and 2 residential units in the basement. The upper office tenant is currently leased until May 31, 2026 and main floor office tenants renewed their lease for another 3 years until December 31, 2028. with an option for either party to terminate with 6 months notice. An ideal situation for an investor to occupy main floor level or pick you own tenant and lease. Current financial information is based on present income and potential market rents. Office tenants pays electricity, gas and water. Residential tenants rent includes $95 toward heat, electricity and water. Some of the updates include furnaces, central airs and water heaters. Replaced rear porch. Renovated front porch. Replaced commercial outside doors (front & rear). Outside lighting, brick repointing and replacement as needed. Replaced rear eaves and downspouts. Update one basement res unit after tenant vacated.

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On Market

Office

Property Type

$13,772 / Year

Est. Taxes

Office

Style

Professional Office

Business Type

N

Franchise