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:45725)
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
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London and St. Thomas Association of REALTORS®
Thrive Realty Group Inc.
April 09 2025 08:20:58
