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342 RICHMOND STREET
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342 RICHMOND STREET $1,700,000
2 days ago
$1,700,000
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342 RICHMOND STREET
London, Ontario N6A3C3

MLS® Number: X11894453

Listing Description

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! (39635602)

Location Description

North of York and Richmond

Property Summary

Property Type
Retail
Building Type
Residential Commercial Mix
Community Name
East K
Land Size
Bldg=18 x 97 FT
Annual Property Taxes
$7,719.67
Time on REALTOR.ca
2 days

Building

Heating & Cooling
Heating Type
Hot water radiator heat (Electric)
Utilities
Water
Municipal water

Measurements

Square Footage
5200 sqft
Exterior Building Size
5200 sqft

Land

Lot Features
Frontage
18 ft
Land Depth
97 ft
Other Property Information
Zoning Description
DA1
Data provided by: London and St. Thomas Association of REALTORS® 342 COMMISSIONERS Road West, LONDON, Ontario N6J 1Y3
519-670-0385
Email
Book showing
TEAM GLASSER REAL ESTATE BROKERAGE INC.
Brokerage
519-670-0385
CODY TILBURY