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580 Waterloo Street E, London East, ON N6B 2P9, London East, Ontario

commercial · MLS® X12350659

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$1,179,000

MLS# X12350659

580 Waterloo Street E, London East, ON N6B 2P9

London East, Ontario N6B 2P9

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New Listing· Listed null days on marketPopular· 151 views todayHot Property· High interest
About This Property

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.

Property Details

Property Type

Commercial

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580 Waterloo Street E, London East, ON N6B 2P9, London East, Ontario

About 580 Waterloo Street E, London East, ON N6B 2P9

This Commercial at 580 Waterloo Street E, London East, ON N6B 2P9 is listed for sale in London East, Ontario at $1,179,000.

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London East is a thriving community in Ontario with excellent amenities, schools, parks, and transit access. Whether you are a first-time buyer, growing family, or investor, this commercial represents a compelling opportunity in London East's real estate market.

MLS® number X12350659. Listed with RE/MAX Realty Specialists Inc., Brokerage. Contact Jagtar Singh for more information or to schedule a private showing.

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$1,179,000

20% ($235,800)

Minimum 5% for homes under $500K, 20% to avoid CMHC insurance

5.5%
25 years

Estimated Monthly Payment

$5,792

*Principal & Interest only. Does not include taxes or insurance.

Principal$943,200
Total Interest$794,422
Total Cost$1,973,422
Jagtar Singh

Jagtar Singh

RE/MAX Realty Specialists Inc.

Contact About This Property
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