344.5 Richmond Street London, Ontario N6A 3C3
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Andrew Odoardi
Salesperson
4711 Yonge St 10th Flr, 106430
Toronto, Ontario M2N 6K8
$925,000
Welcome to 344.5 Richmond Street, an exceptional mixed-use investment opportunity offering a compelling 6.1% cap rate at the asking price. This property features two newly renovated one-bedroom residential units, currently vacant, allowing the buyer to select tenants at market rates. A recently vacated commercial unit, ideal for an owner-operator or potential partial conversion into an additional residential unit. The property has undergone significant upgrades, including a brand-new roof (2024), as well as plumbing and electrical enhancements. Each unit is equipped with separate hydro meters and baseboard electric heating, leaving the landlord responsible only for water expenses. Located in a prime downtown area, this property offers exceptional returns and endless potential. Don't miss out on this outstanding investment opportunity! (id:58576)
Property Details
| MLS® Number | X11884948 |
| Property Type | Multi-family |
| Community Name | East K |
Building
| Appliances | Refrigerator, Stove |
| HeatingType | Baseboard Heaters |
| SizeInterior | 3560 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 97 Ft |
| SizeFrontage | 20 Ft |
| SizeIrregular | 20 X 97 Ft |
| SizeTotalText | 20 X 97 Ft |
| ZoningDescription | Da1 |
https://www.realtor.ca/real-estate/27720645/3445-richmond-street-london-east-k
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
December 06 2024 11:39:11
Toronto Real Estate Board
Exp Realty
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.
