For Sale

389 Lyle Street, London, Ontario N5W3R6

$499,900

389 Lyle Street, London, Ontario N5W3R6 is For Sale and has a listing price of 499,900. The property is located in the East London neighbourhood. It's been on the website for 16 Days.

  • Retail
    Property Type
  • MLS ID: X10409056
  • Office Name EXECUTIVE HOMES REALTY INC.
Property Description

Amazing opportunity to own this gem of a commercial property in London. Approx 2300 sqft, located in a prime core location between York, King and Dundas area with onsite free parking. Currently rented at$4500 plus utilities. Tenants willing to stay but vacant possession also possible. Has zoning for a variety of businesses. Approx $130k spend on renovations. Upstairs has recently been converted into 4bed 2 bath residential unit and main floor has potential for plenty of businesses from office space to restaurants/wellness center. Commercial offering a live-in upper and business on the lower level. This could be a perfect opportunity for an entrepreneur to live at a low cost while operating a business below. The main level has many wheel chair accessibility features included. There is an intercom system throughout and lighting can also be controlled remotely for investors. Onsite parking, controlled remotely for investors. Onsite parking, controlled entry with video, owned HWT. Directions to Property: HEADING EAST ON DUNDAS ST, TURN RIGHT ON LYLE. THE PARKING LOT & PROPERTY ARELOCATED ON YOUR RIGHT-HAND SIDE. (id:43137)

Property Details
  • MLS ID: X10409056
  • Price: $499,900
  • Transaction Types: For Sale
  • Ref ID: 27621990
  • Year Built: N/A
  • Property Type: Retail
  • Property Type: Commercial
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
11/05/2024 X10409056 $499,900 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
East London
  • $627,790 Average List Price
    based on 1 year
  • 40 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 1.69 % Up
  • Sold (12mo) 72
  • Rented (12mo) 14

  • 1 Month Change +1.3%
  • 3 Month Change +21.0%
  • 6 Month Change -10.5%
Walkscore
  • 93 Walk Score
    Walker's Paradise
  • 59 Transit Score
    Good Transit
  • 75 Bike Score
    Very Bikeable
Property Type Distribution
  • All Houses
    79.01%
  • Commercial
    18.96%
  • Condo
    1.92%
  • Land for Sale
    0.11%
Additional Details
  • Sewers Sanitary Sewer
  • Heat Source Natural Gas
  • Heating System Forced Air
  • Water Municipal Water
  • Cooling System Fully Air Conditioned
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 05/11/2024 00:00:00
  • Zoning Ru3 & Ep-w
  • Agent Name: SADAQAT AHMED SHEIKH
  • Last Updated: 07/11/2024 06:59:01
Open House Dates
Want to see this property?