342 Richmond Street,London, ON N6A 3C3
London, ON N6A 3C3
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!
Details
| MLS# | X11894453 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 130 |
| Listing Provided By | TEAM GLASSER REAL ESTATE BROKERAGE INC. | X11894453 798700 |
Features
| SQ Feet | 5,200 |
|---|---|
| Acreage | 0.12 |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Middlesex |
| City | London |
| Postal Code | N6A 3C3 |
| Area | East K |
| Listing VS Median (in N6A 3C3) | |
Price: $1,700,000 low | high Med: $899,900 SqFt: 5,200 low | high Med: 3,560 $ / SqFt: $327 low | high Med: $253 On site: 130 low | high Med: 29.000000 | |
