$1,069,000

About this home

Fantastic opportunity for investors or business office with income to cover expenses. Welcome to 580 Waterloo St., a freestanding, mixed use 2 story building, with many updates and improvements. The main and upper floors comprising of 2275 Sq Ft of office space, and 2 residential units in the basement. The upper office tenant is currently leased until August 31, 2026 and main floor office tenants renewed their lease for another 3 years until December 31, 2028. with an option for either party to terminate with 6 months notice. An ideal situation for an investor to occupy or pick you own tenants and lease. Current financial information is based on present income and potential market rents. Office tenants pays electricity, gas and water. Residential tenants rent includes $95/$79 toward water. Some of the updates include furnaces, central airs and water heaters. Replaced rear porch. Renovated front porch. Replaced commercial outside doors (front & rear). Outside lighting, brick repointing and replacement as needed. Replaced rear eaves and downspouts. Updated one basement res unit after tenant vacated. Gross Income $85,728 net Income $63,536.. for a 6.3 Cap rate (id:65958)

Subtype

Office

Structure

Offices

Community

East F

Living area

3,022 square feet

Lot dimensions

Bldg=53 x 131 FT

On market

Apr 8, 2026

Status changed

Apr 28, 2026

Annual tax

$13,773 (2026)

Zoning

R3-2 OC2

Photos

42

MLS#

X12969880

Area

LONDON_EAST_(EAST_F)

Features and systems

Mortgage estimate