ON > London > East K
London, ON N6A3C3,342 RICHMOND STREET
London, ON N6A3C3,342 RICHMOND STREET
London, ON N6A3C3,342 RICHMOND STREET
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$1,700,000
Est. payment /mo
5,200 SqFt
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,200 sqft

Price per Sqft $326

Subdivision East K

MLS® Listing ID X11894453

Originating Board London and St. Thomas Association of REALTORS®

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 radiator heat

Exterior

Parking Features No

View Y/N No

Private Pool No

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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