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:55598)
- MLS® X11894453
- Date Listed12/16/2024
- Days on Realty 5 Days
- Bedrooms -
- Bathrooms
- Lot Size -
- Subdivision East K
- Property Type Mixed Use
- Water Public
- Square Feet 5,200 sq. ft
- Price Per Sq. Ft $326.92
Interior Features
- Heating Hot Water Radiator Heat, Electric
Exterior / Lot Features
- Roof -
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Nearby Schools
Source: School Digger
Sales & Tax History
Source: Public Records
93/100
Walker's Paradise
Walk Score ®
69/100
Good Transit
Transit Score ®
87/100
Very Bikeable
Bike Score ®
Overview
Daily errands do not require a car. Many nearby public transportation options. Biking is convenient for most trips.Transit Summary
20 nearby routes: 16 bus, 4 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 57/100, Transit Score: 49/100, Bike Score: 60/100.
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Frequently Asked Questions for 342 RICHMOND STREET
Source: Realty.com
342 RICHMOND STREET, London, ON N6A3C3 is a Mixed Use, Commercial Sale property listed for $1,700,000 The property is 5200 sq. ft with - bedrooms and 0 bathrooms
Realty.com has 39 photos of 342 RICHMOND STREET.
The full address for this home is 342 RICHMOND STREET, London, ON N6A3C3.
342 RICHMOND STREET has been listed on Realty.com since Mon December 16, 2024
Daily errands do not require a car. Many nearby public transportation options. Biking is convenient for most trips.
The average walkability score in the surrounding area is Walk Score: 57/100, Transit Score: 49/100, Bike Score: 60/100.
Listing provided courtesy of:
TEAM GLASSER REAL ESTATE BROKERAGE INC.
(tel: (519) 670-0385)
Listing agent:
CODY TILBURY
(tel: (519) 670-0385)
This content last refreshed on 2024-12-21 08:59:20. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 342 RICHMOND STREET, London, ON N6A3C3 : MLS® X11894453