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342 RICHMOND STREET
London Ontario N6A3C3 Canada

$1,700,000

Active Listing ID X11894453
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5,200 square feet
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Retail

$1,700,000

Active Listing ID X11894453
Save

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! (id:203)

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Property Features

  • Facts
  • Property Sub-type: Retail
  • Features
  • Heating Systems: Hot water radiator heat, Electric
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 12/17/2024 1:00:19 AM GMT
Source Updated Date: 12/18/2024 12:21:52 AM GMT

Courtesy of: CODY TILBURY, Broker, TEAM GLASSER REAL ESTATE BROKERAGE INC.