342 Richmond Street London, Ontario N6A 3C3
$1,700,000
Prime investment opportunity in the heart of Downtown London! Welcome to 342 Richmond Street, a fully tenanted mixed-use commercial building that perfectly blends income-generating potential with modern upgrades. Featuring an established ground-level storefront and five beautifully renovated residential units, three spacious 2-bedroom, 1-bathroom apartments and two cozy 1-bedroom, 1-bathroom units, this property is designed to attract quality tenants. Each residential unit showcases updated finishes, ensuring long-term tenant satisfaction, while the convenience of on-site laundry adds extra appeal. Recent improvements include a brand-new roof, offering peace of mind for years to come. With a stellar net operating income of $111,000 annually and a high-demand location amidst Londons bustling core, this property is a rare find. Just steps from trendy shops, dining, and cultural landmarks, this property offers an exceptional opportunity to own a turnkey asset in a thriving urban center. Don't miss your chance to capitalize on this premium downtown cash cow! (id:46638)
Property Details
| MLS® Number | X11894453 |
| Property Type | Retail |
| Community Name | East K |
Building
| Heating Fuel | Electric |
| Heating Type | Hot Water Radiator Heat |
| Size Exterior | 5200 Sqft |
| Size Interior | 5,200 Ft2 |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 97 Ft |
| Size Frontage | 18 Ft |
| Size Irregular | Bldg=18 X 97 Ft |
| Size Total Text | Bldg=18 X 97 Ft |
| Zoning Description | Da1 |
https://www.realtor.ca/real-estate/27741149/342-richmond-street-london-east-k
Contact Us
Contact us for more information
(519) 670-0385
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
December 17 2024 12:50:37
London and St. Thomas Association of REALTORS®
Team Glasser Real Estate Brokerage Inc.