474 Pall Mall Street London, Ontario N5Y 2Z4
$1,299,000
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. (id:50169)
Business
| Name | The Bag Lady Variety |
Property Details
| MLS® Number | X12072796 |
| Property Type | Retail |
| Community Name | East F |
| Parking Space Total | 4 |
Building
| Age | 100+ Years |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 4486 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 80 Ft |
| Size Frontage | 37 Ft |
| Size Irregular | 37 X 80 Ft |
| Size Total Text | 37 X 80 Ft |
| Zoning Description | R2-2 |
https://www.realtor.ca/real-estate/28144921/474-pall-mall-street-london-east-f
Interested?
Contact us for more information
Contact Hanna
direct. 226.376. 2541
office. 519.443.4331
[email protected]
250 Wharncliffe Rd N
London, ON N6H 2B8
Mortgage Payments
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
April 09 2025 08:20:58
London and St. Thomas Association of REALTORS®
Thrive Realty Group Inc.