$999,900
Available - For Sale
Listing ID: X13054230
342 Richmond Street , London East, N6A 3C3, Middlesex
| 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 | $999,900 |
| Taxes: | $8169.79 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 342 Richmond Street , London East, N6A 3C3, Middlesex |
| Postal Code: | N6A 3C3 |
| Province/State: | Middlesex |
| Legal Description: | PT LT 10 , N/W YORK STREET , AS IN 88580 |
| Directions/Cross Streets: | North of York and Richmond |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Store With Apt/Office |
| Building Percentage: | F |
| Total Area: | 5200.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 3466 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Electric Hot Water |
| Central Air Conditioning: | No |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| TEAM GLASSER REAL ESTATE BROKERAGE INC. |
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Aneta Andrews
Broker
Dir:
416-576-5339
Bus:
905-278-3500
Fax:
1-888-407-8605
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At a Glance:
| Type: | Com - Store W Apt/Office |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East K |
| Tax: | $8,169.79 |
| Fireplace: | N |
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