$925,000
Available - For Sale
Listing ID: X11884948
344.5 Richmond St , London, N6A 3C3, Ontario
| 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! |
| Price | $925,000 |
| Taxes: | $6141.20 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 344.5 Richmond St , London, N6A 3C3, Ontario |
| Postal Code: | N6A 3C3 |
| Province/State: | Ontario |
| Lot Size: | 20.00 x 97.00 (Feet) |
| Directions/Cross Streets: | Richmond St / King St |
| Category: | Apartment |
| Building Percentage: | Y |
| Total Area: | 3560.00 |
| Total Area Code: | Sq Ft |
| Heat Type: | Baseboard |
| Central Air Conditioning: | N |
| Water: | Municipal |
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Farnaz Masoumi
Broker
Dir:
647-923-4343
Bus:
905-695-7888
Fax:
905-695-0900
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Middlesex |
| Municipality: | London |
| Neighbourhood: | East K |
| Lot Size: | 20.00 x 97.00(Feet) |
| Tax: | $6,141.2 |
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