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145 KING STREET, London, Ontario, N6A 1C3

MLS® # X11968374
Info Plus+
Commercial For Sale In Central London, London, Ontario
$1,699,000
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
145 King Street, London, ON
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145 KING STREET, London, Ontario, N6A 1C3
$1,699,000

Property Information:

Located in the heart of downtown London, 143-145 King Street is a fully tenanted, mixed-use commercial property offering an exceptional investment opportunity. Zoned DA1(6)*D350, this turn-key building features one commercial unit spanning 4,500 square feet, along with eight residential units, consisting of four one-bedroom and four studio apartments. The property also includes eight parking spots at the rear of the building. Each residential unit is independently metered for hydro and equipped with its own hot water tank. With a gross annual rental income of $160,044, the property delivers a strong return on investment with significant potential for future growth. Positioned in a high-traffic area, it is ideally located near major downtown attractions such as Canada Life Place, Covent Garden Market, VIA Rail, restaurants, bars, and shopping. Situated within the Downtown Heritage Conservation District, this property seamlessly blends historical charm with modern investment potential, making it a valuable addition to any savvy investors portfolio. (id:27)

Building Features:

  • Style: Retail
  • Air Conditioning: Yes
  • Heating Type: Radiant heat
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Retail
  • Irregular: Yes
  • Lot Frontage: 41.0 Feet
  • Lot Size: 41 FT
  • Zoning: DA1
  • No. of Parking Spaces: 8

REALTOR.ca  

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 145 KING STREET, London, Ontario, N6A 1C3

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

35 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

35 hot days expected in 2050

55/100

Moderate

ClimateCheck®

Current data

This property, 145 KING STREET , experiences 7 hot days per year at around 31 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 34.5 degrees Celsius.

Projected Avg. Temperature

Past
31℃
2050
34.5℃

# Hot Days Per Year

Past
7
2050
35

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 145 KING STREET , experiences 11 significant 2-day storms per year, with about 328.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 404.2mm of precipitation per year.

Precipitation Per Storm

Past
328.5mm
2050
404.2mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 145 KING STREET, London, Ontario, N6A 1C3

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$101,556.43

Average Number of Children

1.44

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.86 %

High school certificate or equivalent

20.18 %

Apprenticeship trade certificate/diploma

4.67 %

College/non-university certificate

22.67 %

University certificate (below bachelor)

2.97 %

University Degree

39.65 %

Commuter

Travel To Work

By Car

57.7 %

By Public Transit

17.6 %

By Walking

20.45 %

By Bicycle

1.38 %

By Other Methods

2.87 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

98.33 %

Houses

1.67 %

Own Vs. Rent

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Neighbourhood Notes:

Downtown has traditionally been the retail and business centre of London but over the past few decades has transitioned toward more of an entertainment district. Budweiser Gardens, Museum London, the London Music Hall, the Grand Theatre, the Covent Garden Market, the London Convention Centre, several art galleries, and many of Lon-don's best restaurants and bars are found in the Downtown. The neighbourhood is filled with businesses but the main two streets for shopping and restaurants are Dundas and Richmond. Citi Plaza (formerly Galleria Mall) is another hub of commercial activity with the Central branch of the London Public Library, movie theatre, gym, a food court and several retailers. Ivey Park is located on the west end of downtown, and offers beautiful views of the Forks of the Thames, a playground, spray pad, and connections to the Thames Valley Parkway.

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