344.5 Richmond Street , London, ON N6A 3C3
London, ON N6A 3C3
Description
Welcome to 344.5 Richmond Street, an exceptional mixed-use investment opportunity offering a compelling 6.3% 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!
Details
| MLS# | X11884948 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Price Change |
| Days On Site | 68 |
| Listing Provided By | EXP REALTY | Not Provided |
Features
| SQ Feet | 3,560 |
|---|---|
| Acreage | 0.08 |
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Learn More About This Property
| State | ON |
|---|---|
| County | Middlesex |
| City | London |
| Zip Code | N6A 3C3 |
| Area | East K |
| Listing VS Median (in N6A 3C3) | |
Price: $899,900 low | high Med: $439,900 SqFt: 3,560 low | high Med: 385,970 $ / SqFt: $253 low | high Med: $65 On Site: 68 low | high Med: 93.500000 | |