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:4069)
Address
342 RICHMOND STREET
List Price
$1,700,000
Property Type
Retail
Type of Dwelling
Residential Commercial Mix
Area
Ontario
Sub-Area
London
Floor Area
5,200 Sq. Ft.
Lot Size
Bldg=18 x 97 FT Sq. Ft.
MLS® Number
X11894453
Listing Brokerage
TEAM GLASSER REAL ESTATE BROKERAGE INC.
Postal Code
N6A3C3
Zoning
DA1
