ON
London
N6A3C3
342 Richmond Street
342 Richmond Street, London, ON N6A3C3
Listing Type
Commercial/Industrial
Listing Status
active
39
$1,700,000

Home Details for 342 Richmond Street

Price
$1,700,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Parking
Days on site
63
Listing #
27741149
Listing Courtesy: TEAM GLASSER REAL ESTATE BROKERAGE INC.
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! (id:31684)

Property Features
  • Heating Information
    • Hot Water
    • Radiant
    • Electric
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EXIT REALTY ASSOCIATES
260 Champlain St, Dieppe, NB E1A 1P3
Nicole LeBlanc
Sales Rep.
Office
506-382-3948
Agent
506 381 2192
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