342 Richmond St

London | East K | N6A 3C3
  • 5200.0 sqft
  • 0 gar

$1,700,000

Est. Mtg $5,764 /mo
  • Days on market

    109

  • Status

    A

Listing Broker TEAM GLASSER REAL ESTATE BROKERAGE INC.
Since listed: 0 views

Home details

MLS #:

X11894453

Property type:
Store W/Apt/Office
Style:
Taxes:
$7,720
Possession:
Flexible
Condo Fee:
Lot Size:
18.0 X 97.0
Zoning:
DA1
Use:
Heat:
Elec Hot Water

Description


342 Richmond St, , London, Ontario is a Store W/Apt/Office property in London and in the East K community in the N6A 3C3 postal code


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!.

Extras

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Payment calculator

$6407 monthly. In association with: TD Bank
%
  • Principal and Interest
    5764 /mo
  • Property Taxes
    $643 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Angela Aiello, Realtor

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