342 RICHMOND STREET
London East (East K), Ontario
MLS® X13054230
$999,900
- Status
- Active
- Property type
- Retail
- MLS® number
- X13054230
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 39Listing 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!
Property summary
- MLS® number
- X13054230
- Property type
- Retail
- Building type
- Residential Commercial Mix
- Square footage
- 5,200 sq ft
- Land size
- Bldg=18 x 97 FT
- Annual property taxes
- $8,169.79
- Days on market
- 120 days
Features & details
- Heating
- Hot Water
- Cooling
- None
What would this home cost you?
Based on the $999,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of TEAM GLASSER REAL ESTATE BROKERAGE INC., LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.