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    For Sale - 342 Richmond Street, London East, Ontario

    Est payment $4,801/mo
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    Time on Jump  17 day

    AI Summary *

    • Fully tenanted mixed-use building with established storefront and residential units.
    • Three spacious 2-bedroom apartments and two cozy 1-bedroom units available.
    • Updated finishes in all residential units ensure tenant satisfaction.
    • Convenient on-site laundry for all residents adds extra appeal.
    • Prime downtown location close to shops, dining, and cultural landmarks.




    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!
    Listing IDX13054230
    Address342 Richmond Street
    CityLondon East, Ontario
    Price$999,900
    StyleStore W Apt/Office
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Store W Apt/OfficeBasement 1Heating / Cooling Electric Hot Water

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    Listing Agency:  TEAM GLASSER REAL ESTATE BROKERAGE INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    342 Richmond Street
    London East , Ontario
    $999,900
    Get more info