342 Richmond Street, London East, ON N6A 3C3 (North of York and Richmond)

Price : $999,900.00 , MLS®# : X13054230

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 Description

North of York and Richmond

Property Details
  • Community: East K
  • Property Type: Tenant/Commercial
  • Garages: None
  • Annual Property Taxes : $ 8169.79
Building Features
  • Parking Type : None
Building Features
  • Heating : Electric Hot Water
Land (Lot Features)
  • Frontage: 18 sq.ft
  • Land Depth: 97sq.ft

Listing Contracted With: TEAM GLASSER REAL ESTATE BROKERAGE INC.