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$11,650,000
50 Ridout St S, London, ON N6C 3W6
36 Beds
36 Baths
n/a SqFt

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Once in a generation property A+ Asset for sale. This triple Brick 36 unit building (12 x 1+Den and 24 X 1 Bed) has Terazzo Floors, New roofs on all 3 buildings plus garage while backing onto the Thames river. Building lot line goes right to the river and comes with 4 full detached garages. A block from Wortley Village, 2 blocks from Downtown with bus stop outside. Building has always been fully tenanted and has a wait list. 52% of the building has been turned over with single professionals to market rents over the last 7 years. Building Nets 340k Annually with potential of well over 500k with Airbnb. Den size in 1+Dens are 7 X 6. Owner will carry a 10% vtb if required.
  • Price:
  • $11,650,000
  • Bedrooms:
  • 36
  • Year Built:
  • 1940
  • Listing ID #:
  • 40239157
  • Street Address:
  • 50 Ridout St S
  • City:
  • London
  • Province:
  • Ontario
  • Postal Code:
  • N6C 3W6
  • County:
  • Middlesex
  • Community:
  • South
  • Subarea:
  • South F
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
n/a

WORTLEY
Public
n/a

SOUTH
Public
  • Basement Description:
  • Partial, Unfinished
  • Building Faces:
  • East
  • Building Security:
  • Alarm System
  • Construction Type:
  • Brick
  • Finished Above Ground Square Footage:
  • 26000
  • Finished Basement Square Footage:
  • 500
  • Foundation:
  • Concrete Perimeter
  • Interior Features:
  • High Speed Internet
  • Number Of Units:
  • 36
  • Type Of Roof:
  • Flat
  • View:
  • River
  • View:
  • Yes
  • Year Built:
  • 1940
  • Year Built Source:
  • Public Records
  • Annual Electric Expenses:
  • 11925
  • Annual Insurance Expenses:
  • 10494
  • Annual Trash Expenses:
  • 360
  • Approximate Lot Size Range Source:
  • Geowarehouse
  • Conforms To Zoning:
  • R3-1
  • Lot Features:
  • Urban, Rectangular, City Lot
  • Lot Frontage:
  • North
  • Topography:
  • Dry
  • Included In Sale:
  • None, 2 Washers, 2 Dryers
  • Originating Mls:
  • Lstar
  • Coordinates:
  • -81.249339, 42.974385
  • Cross Street:
  • Carfrea
  • Association Fee 2 Payment Frequency:
  • Monthly
  • Show Listing And/Or Property Address:
  • Yes
  • Covered Parking Spaces:
  • 4
  • Garage Parking Spaces:
  • 4
  • Has Garage:
  • Yes
  • Parking Description:
  • Detached Garage, Asphalt
  • Parking Spaces:
  • 28
  • Uncovered Parking Spaces:
  • 24
  • Appliances:
  • Water Heater Owned, Refrigerator, Stove
  • Existing Water:
  • Municipal-Metered
  • Heating:
  • Natural Gas, Radiant, Radiator
  • Heating:
  • Yes
  • Laundry:
  • Coin Operated
  • Sewage Type:
  • Sewer (municipal)
  • Utilities:
  • Electricity Connected, Natural Gas Connected
  • Listing Provided By Thrive Realty Group Inc.
  • ONITSOIDX

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