38
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$899,900
Est. payment /mo
3,560 SqFt
Active
344.5 Richmond ST London, ON N6A 3C3
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,560 sqft
Price per Sqft $252
Subdivision East K
MLS Listing ID X12045257
Annual Tax Amount $6,141
Tax Year 2024
Property Sub-Type Investment
Property Description
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
State ON
County Middlesex
Community East K
Area Middlesex
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 20.0
Lot Depth 97.0
Listed by EXP REALTY