About 342 Richmond Street
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 of 342 Richmond Street
| MLS® # | X13054230 |
|---|---|
| Price | $999,900 |
| Bathrooms | 0.00 |
| Type | Commercial |
| Sub-Type | Store W Apt/Office |
| Status | Active |
Community Information
| Address | 342 Richmond Street |
|---|---|
| Area | Middlesex |
| Subdivision | East K |
| City | London East |
| Province | ON |
| Postal Code | N6A 3C3 |
Amenities
| Garages | None |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Electric Hot Water |
|---|---|
| Cooling | No |
| Fireplace | No |
Listing Details
| Office | TEAM GLASSER REAL ESTATE BROKERAGE INC. |
|---|