344.5 Richmond Street For Sale

London, East K, N6A 3C3

$899,900

Description

Listed by EXP REALTY.

Welcome to 344.5 Richmond Street, an exceptional mixed-use investment opportunity offering a compelling 6% + 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 and a recently tenanted commercial unit on a 5-year lease. 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. BONUS: Vendor willing to provide a first-position VTB! Located in a prime downtown area, this property offers exceptional returns and endless potential. Don't miss out on this outstanding investment opportunity!

Location

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  • Address: 344.5 Richmond Street
  • Neighborhood: East K
  • City: London
  • State: Ontario
  • Postal Code: N6A 3C3

Property Details

  • Property ID: X12045257
  • Property Price: $899,900
  • Style: Investment, Apartment
  • Sq/Ft: 3560
  • A/C: N
  • Heating: Baseboard
  • Taxes: $6,141.20 (2024)
  • Lot: 97x20 (Feet)

Property History

This property has been sold 10 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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