$1,700,000
Available - For Sale
Listing ID: X11894453
342 Richmond St , London, N6A 3C3, Ontario
| 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! |
| Price | $1,700,000 |
| Taxes: | $7719.67 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 342 Richmond St , London, N6A 3C3, Ontario |
| Postal Code: | N6A 3C3 |
| Province/State: | Ontario |
| Lot Size: | 18.00 x 97.00 (Feet) |
| Directions/Cross Streets: | North of York and Richmond |
| Category: | Store With Apt/Office |
| Building Percentage: | N |
| Total Area: | 5200.00 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 3466 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area: | 1733 |
| Retail Area Code: | Sq Ft |
| Sprinklers: | N |
| Heat Type: | Elec Hot Water |
| Central Air Conditioning: | N |
| Elevator Lift: | None |
| Water: | Municipal |
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| TEAM GLASSER REAL ESTATE BROKERAGE INC. |
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Bus:
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Fax:
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At a Glance:
| Type: | Com - Store W/Apt/Office |
| Area: | Middlesex |
| Municipality: | London |
| Neighbourhood: | East K |
| Lot Size: | 18.00 x 97.00(Feet) |
| Tax: | $7,719.67 |
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