174 King St 31 Unit Apartment Building For Sale London, ON N6A 1C6
EXECUTIVE SUMMARY
CBRE Limited - London ("CBRE") has been retained on an exclusive basis to arrange for the sale of 174 King Street, a multi-residential building with a ground floor restaurant in the city of London. (the "Property" or "Properties"). 174 King Street offers 31 residential units and one commercial unit. The residential units are mainly bachelor units, with a total of 30 bachelors and 1 one bedroom unit. The ground floor restaurant was previously operating as Massey's Restaurant, with a new tenant expected to be signing an agreement shortly. The site provides 0.27 acres with 60 ft. of frontage along King Street. 174 King Street includes 12 parking stalls at the rear east quadrant of the site. Access to the parking is via a shared driveway (not owned by the seller), located on the east side of the property. The property provides the unique opportunity to acquire a cash-flowing multi-residential apartment building in the growing Southwestern Ontario market.
PROPERTY FACTS
| Sale Type | Investment |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 18,586 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1941/1999 |
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Elevator
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 31 | - | - |
1 of 1
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (84)
ZONING
| Zoning Code | DA1(6), 350 |
