575 Ridout Street N, London East (East F), Ontario N6A 2R2 (28806558)
575 Ridout Street N London East, Ontario N6A 2R2
$2,150,000
Well maintained 2.5 storey, 11 unit walk up apartment building in an established residential area close to downtown. Property Size: 0.25 acres. Official Plan: Multi-family, High Density Residential; Open Space. Development potential. Building consists of 11 - 1 bedroom, 1 bathroom units, all of similar size and layout. 8 units have been renovated and feature a dishwasher. There are 3 apartments on the lower level along with the laundry room and tenant storage and 4 units on each of the upper floors. 12 on site surface parking spots. Coin operated laundry on site, with 2 owned washers and dryers. Individual tenant storage lockers in the basement. Separate hydro meters. Current NOI: $120,842.64, Projected NOI: $157,005.00. Roof (TPO) replaced 2 years ago. 2 Boilers with storage tanks for domestic hot water replaced approximately 10 years ago. Close proximity to the downtown core, the Thames River, walking trails and public transit. Zoning: R10-3*H30. (id:60297)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X12377866 |
| Property Type | Multi-family |
| Community Name | East F |
| AmenitiesNearBy | Public Transit |
| ParkingSpaceTotal | 12 |
Building
| Age | 51 To 99 Years |
| HeatingFuel | Natural Gas |
| HeatingType | Other |
| SizeInterior | 9750 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit |
| SizeDepth | 150 Ft ,8 In |
| SizeFrontage | 62 Ft ,1 In |
| SizeIrregular | 0.262 |
| SizeTotal | 0.262 Ac |
| SizeTotalText | 0.262 Ac |
| ZoningDescription | R10-3*h30 |
https://www.realtor.ca/real-estate/28806558/575-ridout-street-n-london-east-east-f-east-f
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Bradley Gleed
Broker of Record
470 Colborne Street
London, Ontario N6B 2T3
Nick Jaremko
Salesperson
470 Colborne Street
London, Ontario N6B 2T3
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September 04 2025 02:23:59
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