344.5 Richmond St

London | East K | N6A 3C3
  • 3560.0 sqft
  • 0 gar

$899,900

Est. Mtg $3,051 /mo
  • Days on market

    64

  • Status

    A

Listing Broker EXP REALTY
Since listed: 1 views

Home details

MLS #:

X11970474

Property type:
Investment
Style:
Taxes:
$6,141
Possession:
TBD
Condo Fee:
Lot Size:
20.0 X 97.0
Zoning:
DA1
Use:
Heat:
Baseboard

Description


344.5 Richmond St, , London, Ontario is a Investment property in London and in the East K community in the N6A 3C3 postal code


Welcome to 344.5 Richmond Street, an exceptional mixed-use investment opportunity offering a compelling 6.3% 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 propertyhas undergone signifcant upgrades, including a brand-new roof (2024), as well as plumbing and electrical enhancements. Each unit is equippedwith separate hydro meters and baseboard electric heating, leaving the landlord responsible only for water expenses. Located in a primedowntown area, this property offers exceptional returns and endless potential. Don't miss out on this outstanding investment opportunity!.

Extras

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Payment calculator

$3563 monthly. In association with: TD Bank
%
  • Principal and Interest
    3051 /mo
  • Property Taxes
    $511 /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

Gunpreet Kochar, Realtor

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