425 Richmond St

London | East F | N6A 3C8
  • 13191.0 sqft
  • 0 gar

$1,699,000

Est. Mtg $5,761 /mo
  • Days on market

    52

  • Status

    A

Listing Broker ROYAL LEPAGE TRILAND REALTY
Since listed: 0 views

Home details

MLS #:

X11968264

Property type:
Commercial/Retail
Style:
Taxes:
$11,601
Possession:
Flexible
Condo Fee:
Lot Size:
67.5 X 35.52
Zoning:
DA1
Use:
Other
Heat:
Radiant

Description


425 Richmond St, , London, Ontario is a Commercial/Retail property in London and in the East F community in the N6A 3C8 postal code


Located in the heart of downtown London, 421-425 Richmond Street is a fully tenanted, mixed-use commercial property that presents an exceptional investment opportunity. Zoned DA1, this turn-key building offers 1,875 square feet of commercial space, featuring two commercial units and eight residential units. Each residential unit is equipped with separate hydro meters and hot water tanks, with four units recently upgraded to market rent, while the remaining four offer additional value-add potential. Generating a gross annual rental income of $160,869, the property provides a strong return on investment. Positioned in a high-traffic area, it is within walking distance of shops, restaurants, public transportation, VIA Rail, Canada Life Place, Victoria Park, and Covent Garden Market. As part of the Downtown Heritage Conservation District, this property seamlessly blends historical charm with modern investment potential, making it a great opportunity for any investor looking to grow their portfolio..

Extras

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Payment calculator

$6727 monthly. In association with: TD Bank
%
  • Principal and Interest
    5761 /mo
  • Property Taxes
    $966 /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

Amadore Zhao, Realtor

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