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Mario Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

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$1,700,000
Available - For Sale
Listing ID: X11894453
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!
Price $1,700,000
Taxes: $7,719.67
Tax Type: Annual
Occupancy by: Tenant
Address: 342 Richmond St , London, N6A 3C3, Ontario
Postal Code: N6A 3C3
Province/State: Ontario
Lot Size: 18 x 97 (Feet)
Directions/Cross Streets: North of York and Richmond
Zoning: DA1
Category: Store With Apt/Office
Building Percentage: N
Total Area: 5,200
Total Area Code:  Sq Ft
Office/Appartment Area: 3466
Office/Appartment Area Code: Sq Ft
Retail Area: 1733
Retail Area Code: Sq Ft
Sprinklers: N
Heat Type: Elec Hot Water
Central Air Conditioning: N
Elevator Lift: None
Water: Municipal
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TEAM GLASSER REAL ESTATE BROKERAGE INC.

342 Richmond St , London, N6A 3C3, Ontario

Personal Picture
Mario Tompson
Sales Representative
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416-548-7854
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416-981-7184

 
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Type: Com - Store W/Apt/Office
Area: Middlesex
Municipality: London
Neighbourhood: East K
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Lot Size: 18.00 x 97.00(Feet)
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Tax: $7,719.67
Maintenance Fee: $0
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Office: 416-548-7854       Mobile: 416-548-7854      Fax: 416-981-7184         Toll Free: 1-866-382-2968
Wednesday, February 5th, 2025
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