view of commercial location Features: commercial view

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view of commercial property Features: commercial view

hall with recessed lighting and light wood finished floors Features: microwave, recessed lighting, wood finish floor, baseboards wall, drywall

kitchen with white cabinets, freestanding refrigerator, butcher block countertops, black microwave, and stove Features: backsplash, butcher block countertops, range hood, shaker cabinets, range oven, recessed lighting, refrigerator, drywall, white cabinets, microwave, wood finish floor, toaster

kitchen featuring electric range, extractor fan, wood counters, black microwave, and white cabinets Features: shaker cabinets, drywall, microwave, backsplash, range oven, range hood, recessed lighting, white cabinets, baseboards wall, butcher block countertops, wood finish floor

living area with light wood-style flooring and recessed lighting Features: baseboards wall, natural light, drywall, wood finish floor, recessed lighting

living area with light wood finished floors and recessed lighting Features: baseboards wall, wood finish floor, drywall, tv, recessed lighting

full bathroom with toilet and shower / bathtub combination with curtain Features: full bathroom, toilet, combined bath shower, drywall, sink, mirror

bedroom featuring light wood finished floors Features: wood finish floor, beamed ceiling, drywall

full bathroom featuring toilet and shower / tub combo with curtain Features: full bathroom, sink, drywall, toilet, combined bath shower

kitchen featuring electric range, light countertops, light wood-type flooring, and white cabinets Features: countertops, range oven, white cabinets, wood finish floor, shaker cabinets, sink, baseboards wall, recessed lighting, backsplash, drywall, range hood

bedroom featuring dark wood-style floors and baseboards Features: natural light, baseboards wall, drywall, wood finish floor

bedroom featuring dark wood-style floors and baseboards Features: baseboards wall, drywall, natural light, wood finish floor

bedroom featuring dark wood-style flooring Features: drywall, wood finish floor, baseboards wall, natural light

laundry area with light wood finished floors, stacked washer / dryer, and recessed lighting Features: baseboards wall, stacked washer dryer, recessed lighting, wood finish floor, laundry, drywall

full bathroom with toilet and a shower Features: drywall, full bathroom, toilet, shower, mirror, sink

full bath featuring a marble finish shower Features: full bathroom, shower

kitchen with stainless steel appliances, wood counters, white cabinets, tasteful backsplash, and dark wood-style flooring Features: microwave, shaker cabinets, tv, baseboards wall, sink, butcher block countertops, backsplash, range oven, wood finish floor, range hood, drywall, white cabinets

living area with wood finished floors and recessed lighting Features: tv, refrigerator, drywall, wood finish floor, smoke carbon monoxide detector, baseboards wall, recessed lighting

office area with dark wood finished floors and baseboards Features: wood finish floor, tv, drywall, baseboards wall, recessed lighting, smoke carbon monoxide detector

bedroom featuring baseboards and wood finished floors Features: natural light, baseboards wall, drywall, wood finish floor

bedroom featuring wood finished floors and a desk Features: wood finish floor, drywall, office area, baseboards wall

kitchen with stainless steel electric range, butcher block countertops, backsplash, and white cabinets Features: shaker cabinets, range hood, range oven, white cabinets, natural light, backsplash, butcher block countertops, microwave, sink

kitchen with stainless steel appliances, extractor fan, dark wood-style floors, and decorative backsplash Features: white cabinets, wood finish floor, range oven, refrigerator, microwave, range hood, baseboards wall, backsplash, butcher block countertops, drywall

kitchen with stainless steel appliances, light wood finished floors, recessed lighting, and tasteful backsplash Features: white cabinets, drywall, backsplash, refrigerator, shaker cabinets, range oven, butcher block countertops, range hood, microwave, wood finish floor, recessed lighting, gray cabinets

kitchen featuring stainless steel appliances, wood counters, light wood finished floors, white cabinetry, and recessed lighting Features: shaker cabinets, range hood, backsplash, drywall, baseboards wall, recessed lighting, microwave, range oven, tv, butcher block countertops, white cabinets, wood finish floor

living area featuring light wood-style flooring and recessed lighting Features: range hood, drywall, wood finish floor, range oven, baseboards wall, natural light, microwave, refrigerator, recessed lighting

living room with light wood-style floors and recessed lighting Features: wood finish floor, recessed lighting, natural light, baseboards wall, drywall, dehumidifier

living room featuring wood finished floors and recessed lighting Features: drywall, tv, wood finish floor, baseboards wall, refrigerator, recessed lighting

living area with wood finished floors and recessed lighting Features: wood finish floor, range hood, baseboards wall, refrigerator, recessed lighting, drywall, natural light, tv, range oven

full bathroom featuring toilet and shower / tub combo Features: drywall, baseboards wall, combined bath shower, full bathroom, sink, toilet

bedroom with light wood-style flooring and baseboards Features: natural light, drywall, wood finish floor, baseboards wall

bedroom with baseboards and wood finished floors Features: natural light, baseboards wall, drywall, wood finish floor

bedroom with wood finished floors and a closet Features: drywall, wood finish floor, baseboards wall, closet

bedroom featuring multiple windows and dark wood finished floors Features: wood finish floor, drywall, baseboards wall, natural light

bedroom with wood finished floors and a closet Features: closet, drywall, baseboards wall, wood finish floor

miscellaneous room featuring a paneled ceiling Features: tv, security camera

miscellaneous room featuring a drop ceiling Features: refrigerator, vent

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For Sale - 342 Richmond Street, London East, Ontario

342 Richmond Street

London East , Ontario

$999,900

Est payment $4,801/mo

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Time on Jump 137 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.

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Purchase Price

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Down Payment:
$ 49,995 ( 5% )

First Time Buyer:
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New Build:
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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

Extras

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

Market Info

Listing Agency:
TEAM GLASSER REAL ESTATE BROKERAGE INC.

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Listing Agency:
TEAM GLASSER REAL ESTATE BROKERAGE INC.

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For Sale - 342 Richmond Street, London East, Ontario

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