342 RICHMOND STREET, London East (East K), Ontario, N6A3C3
MLS: X13054230 | Residential Commercial Mix
$999,900
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! (id:64974)
Quick Facts
- Property Type: Residential Commercial Mix
- Bedrooms: None
- Bathrooms: None
- Living Area: 5,200 sq ft (483.1 m²)
- Frontage: 18 ft (5.5 m)
Costs
- Annual Taxes: $8,169.79
Listing Provided by: TEAM GLASSER REAL ESTATE BROKERAGE INC.
Board: London and St. Thomas Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Electric, Hot Water
- Cooling: None
Exterior & Construction
- Water: Municipal water
Lot & Land
- Frontage: 18 ft (5.5 m)
- Zoning: DA1
Community & Neighbourhood
- Neighbourhood: East K
Listing Information
Listing History
MLS listing activity for 342 RICHMOND STREET, London East (East K), Ontario, N6A3C3 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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Mortgage & Cost Calculators
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342 RICHMOND STREET, London East (East K), Ontario, N6A3C3