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$XXX,XXX
Status: OFF MARKET
Location! Completely renovated mixed use residential/commercial building along Richmond Street, located just South of Queens Street, steps away from new downtown bus loop. Walking distance to Covent Garden Market, Budweiser Gardens and Fanshawe Downtown Campus. Beautiful brick and beam, this building was home to the original London Free Press in 1868. Each floor is approximately 2000 SF. Basement consists of newly renovated open concept bachelor suite with 3 piece washroom. Main floor consists of 2000 SF of retail space with separate 2 piece washroom and staff/office area, currently leased to marijuana dispensary. Second floor has 2 apartments completely renovated. Bachelor 800 SF, open concept with 4 piece bathroom leased for $1600 inclusive. Spacious 1200 SF 2 bedroom with 3 piece bathroom, living, dining, kitchen leased for $2000 inclusive. The third floor consists of 2 open concept bachelor units both with 3 piece bathrooms. Common area coin laundry for extra income, wifi payment system. Many 2023 upgrades including brand new electrical and panels for each unit, new PVC flat roof membrane with new aluminum capping and and 2.0'' insulation foam, heating/cooling, plumbing, new appliances throughout, security cameras and keyless entry fob/app system for easy control of tenants. Nothing left to complete with this building. Turnkey.
| Property Type | :Commercial Sale |
|---|---|
| MLS Number | :40552734 |
| Listing Type | :Sale |
| Property Age | :100+ Years years |
| Possession Date | : |
| Last Updated | :09 May, 2024 (162 Days ago) |
| Source | :LSTAR |
| Area | :Middlesex |
|---|---|
| City | :London |
| Area Major | :East |
| Area Minor | :East F |
| Postal Code | : N6A 3C9 |
| Directions | :Located on the east side of Richmond Street, south of Queens Street. |
| Price | : $1,699,000 |
|---|---|
| Property Taxes | :$16423.71 |
| Tax Year | :2021 |
|---|
| Bedrooms | :0 + |
|---|---|
| Place of Worship | :No |
| Cross Street | :Queens / Richmond Street |
| Approx Square Footage | :6000 sqft |
|---|
| Basement | :Full |
|---|
09 May, 2024
TREB #40552734
Listed
$1699000
