$1,700,000
342 Richmond Street, London, ON N6A 3C3
East K, London,
Properties with this icon are courtesy of
TRREB.
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!
- HoldoverDays: 60
- Property Type: Commercial
- Property Sub Type: Store W Apt/Office
- Tax Year: 2024
- Cooling: No
- HeatType: Electric Hot Water
- Building Area Total: 5200
- Building Area Units: Square Feet
- Parcel Number: 083210094
- LotSizeUnits: Feet
- LotDepth: 97
- LotWidth: 18
| School Name | Type | Grades | Catchment | Distance |
|---|---|---|---|---|
| {{ item.school_type }} | {{ item.school_grades }} | {{ item.is_catchment? 'In Catchment': '' }} | {{ item.distance }} |
