39
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$999,900
Est. payment /mo
5,200 SqFt
Active
342 RICHMOND STREET London East, ON N6A3C3
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5200
Square Footage 5,200 sqft
Price per Sqft $192
Subdivision East K
MLS® Listing ID X13054230
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Hot Water
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Listed by TEAM GLASSER REAL ESTATE BROKERAGE INC.
Nearby Locations
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