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344.5 Richmond Street

Central London, London, ON, N6A 3C3

-
Beds
-
Baths
3,560
Sq. Ft.
$925,000
List Price
Details
Photos
38
Comparables
History
344.5 Richmond Street, London, ON - 1 of 3
344.5 Richmond Street, London, ON - 2 of 3
344.5 Richmond Street, London, ON - 3 of 3
New
16 days on market

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... Show More

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:54626)

Property Details

Size

3,560 sq. ft.
0 Beds
0 Baths

Lot

Size
240′0″ * 1163′12″
Acres
-

Heating & Cooling

Heating
Baseboard heaters
Cooling
-

Utilities

Water
Municipal water
Sewer
-
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Source

Listing Brokerage

MLS® Listing
X11884948
Last Updated
December 7, 2024
Brokerage
EXP REALTY
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