342 Richmond Street London, Ontario N6A 3C3
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Cody Tilbury
Broker
$1,700,000
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! (id:58576)
Property Details
| MLS® Number | X11894453 |
| Property Type | Retail |
| Community Name | East K |
Building
| HeatingFuel | Electric |
| HeatingType | Hot Water Radiator Heat |
| SizeExterior | 5200 Sqft |
| SizeInterior | 5200 Sqft |
| Type | Residential Commercial Mix |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 97 Ft |
| SizeFrontage | 18 Ft |
| SizeIrregular | Bldg=18 X 97 Ft |
| SizeTotalText | Bldg=18 X 97 Ft |
| ZoningDescription | Da1 |
https://www.realtor.ca/real-estate/27741149/342-richmond-street-london-east-k
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December 17 2024 12:50:37
London and St. Thomas Association of REALTORS®
Team Glasser Real Estate Brokerage Inc.
Why Sell With Dharm Gill?
Selling your home with Dharm Gill means leveraging expert market knowledge, personalized marketing strategies, and dedicated support to ensure you get the best value. Dharm Gill’s commitment to excellence and client-focused approach guarantees a seamless and successful selling experience.
