Welcome to 344.5 Richmond Street, an exceptional mixed-use investment opportunity offering a compelling 6.1% cap rate at the asking price. This property features two newly renovated one-bedroom residential units, currently vacant, allowing the buyer to select tenants at market rates. A recently vacated commercial unit, ideal for an owner-operator or potential partial conversion into an additional residential unit. The property has undergone significant upgrades, including a brand-new roof (2024), as well as plumbing and electrical enhancements. Each unit is equipped with separate hydro meters and baseboard electric heating, leaving the landlord responsible only for water expenses. Located in a prime downtown area, this property offers exceptional returns and endless potential. Don't miss out on this outstanding investment opportunity! (id:55598)
- MLS® X11884948
- Date Listed12/06/2024
- Days on Realty 15 Days
- Bedrooms -
- Bathrooms
- Lot Size -
- Subdivision East K
- Property Type Multi Family
- Water Public
- Square Feet 3,560 sq. ft
- Price Per Sq. Ft $259.83
Interior Features
- Appliances Refrigerator, Stove
- Heating Baseboard Heaters
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 344.5 RICHMOND STREET
Source: Realty.com
344.5 RICHMOND STREET, London, ON N6A3C3 is a Multi Family, Residential Income property listed for $925,000 The property is 3560 sq. ft with - bedrooms and 0 bathrooms
Realty.com has 38 photos of 344.5 RICHMOND STREET.
The full address for this home is 344.5 RICHMOND STREET, London, ON N6A3C3.
344.5 RICHMOND STREET has been listed on Realty.com since Fri December 06, 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:
EXP REALTY
(tel: (866) 530-7737)
Listing agent:
ANDREW ODOARDI
(tel: (866) 530-7737)
This content last refreshed on 2024-12-21 09:50:22. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 344.5 RICHMOND STREET, London, ON N6A3C3 : MLS® X11884948