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344.5 RICHMOND STREET
London Ontario N6A3C3 Canada

$925,000

Active Listing ID X11884948
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3,560 square feet
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Multi-family

$925,000

Active Listing ID X11884948
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344.5 RICHMOND STREET Welcome to 344.5 Richmond Street, an exceptional mixed-use investment opportunity offering a compelling 6.1% cap rate at the asking price. This property features two newly renovated one-bedroom residential units, currently vacant, allowing the buyer to select tenants at market rates. A recently vacated commercial unit, ideal for an owner-operator or potential partial conversion into an additional residential unit. The property has undergone significant upgrades, including a brand-new roof (2024), as well as plumbing and electrical enhancements. Each unit is equipped with separate hydro meters and baseboard electric heating, leaving the landlord responsible only for water expenses. Located in a prime downtown area, this property offers exceptional returns and endless potential. Don't miss out on this outstanding investment opportunity! (id:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Heating Systems: Baseboard heaters
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 12/6/2024 11:45:13 PM GMT
Source Updated Date: 12/11/2024 10:56:46 PM GMT

Courtesy of: ANDREW ODOARDI, Salesperson, EXP REALTY