Property 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!

Features
: Elec Hot Water
: N
: None
: Y
Address Map
CA
Ontario
London
N6A 3C3
Richmond
342
0
E0° 0' 0''
N0° 0' 0''
More info
TEAM GLASSER REAL ESTATE BROKERAGE INC.
5
2024-12-18 09:59:24.0
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Store W/apt/office For Sale

342 Richmond St, London, Ontario N6A 3C3

  • Area: 5,200 Sqft
  • Visits : 4 in 1 days
$1,700,000
Listing ID#X11894453
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Basic Details
Property Type : Store W/apt/office
Listing Type : For Sale
Listing ID : X11894453
Price : $1,700,000
Area : 5,200 Sqft
Year Built : 0
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Firas Al-Rifay
Ontario Real Estate @JDF Realty.LTD Brokerage
Ontario Real Estate @JDF Realty.LTD Brokerage
999 Edgeley Blvd. Units 5-6 Vaughan, Ontario, Canada L4K 4R7
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