Property Details
50 RIDOUT Street S, London, Ontario, N6C3W6


Sales Representative, A.B.R., S.R.E.S.
RE/MAX Centre City Realty Inc., Brokerage - REMAXLondon.com
Cell: 519-200-1085
Tel: 519-667-1800
$11,650,000 - For sale
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. (id:2471)
Location DescriptionLocated on corner of Ridout St S and Carfrae St
- Property Address:50 RIDOUT Street S, London, Ontario, N6C3W6
- Property Type:Multi-family
- Title:Freehold
- Acreage:1/2 - 1.99 acres
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Driveway:Detached Garage
- Parking Space Total:28
- Building Age:1940
- Bedrooms:36
- Bathrooms:36
- Floor Space:26000
- Heating Type:Natural gas, Radiant heat
- Style:Detached
- Storeys:3
- Basement Type:Partial (Unfinished)
- Cooling Type:None
- Rental Equipment:None
- Exterior Type:Brick

Sales Representative, A.B.R., S.R.E.S.
RE/MAX Centre City Realty Inc., Brokerage - REMAXLondon.com
Cell: 519-200-1085
Tel: 519-667-1800
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- Map 50 RIDOUT Street S, London, Ontario, N6C3W6
- Neighbourhood Information
50 RIDOUT Street S, London, Ontario, N6C3W6
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