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Active
342 Richmond ST London East, ON N6A 3C3
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Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Subdivision East K
MLS Listing ID X13054230
Annual Tax Amount $8,169
Tax Year 2025
Property Sub-Type Store W Apt/Office
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!
Location
Province ON
County Middlesex
Area Middlesex
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 18.0
Lot Depth 97.0
Others
Security Features No
ParcelsYN No
Listed by TEAM GLASSER REAL ESTATE BROKERAGE INC.
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145 Wharncliffe Rd S, London, ON, N6J 2K4, CAN
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