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Last Updated : 119 Days ago
571 - 575 RICHMOND St, London, Ontario, East F
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571 - 575 RICHMOND St, London MLS Number: X8283346

East F, London, Middlesex, ON, N6A 3G2

$3,850,000

Status: For Sale

  • Property Type: Commercial (Sale Of Business)
  • Property Taxes : $50798.86 (Tax Year:2023)
  • Listing Courtesy : Prime Real Estate Brokerage

571 - 575 RICHMOND St Property Description

Prime Real Estate is pleased to present 571-575 Richmond Street, an incredible mixed-use investment opportunity in downtown London, ON. The property consists of six (6) commercial units and eight (8) one-bedroom apartments. The property is fully leased with a great commercial tenant mix including Marble Slab, Wok Box, Neads/Wants, and more! The property is ideally located in the heart of Richmond Row, offering strong walking traffic and making it an attractive location for prominent national and local businesses to call home. The residential apartments have an urban loft aesthetic and attract a premium tenant profile. The property currently generates a Net Operating Income of $230,544 which will continue to increase according to built-in escalations of the commercial leases. This opportunity appeals to a prudent investor looking to acquire a stable, well-maintained, high-profile investment with the opportunity to capitalize on raising rents both residentially and commercially as units turnover. Detailed financials and leases are available upon signing a confidentiality agreement.

571 - 575 RICHMOND St Property Facts

Property Type :Commercial
MLS Number :X8283346
Listing Type :Sale
Possession Date :
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Last Updated :10 Jul, 2024 (119 Days ago)
Source :TRREB
Area :Middlesex
Postal Code : N6A 3G2
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571 - 575 RICHMOND St Property Price & Tax Insights

Price : $3,850,000
Property Taxes :$50798.86
Tax Year :2023

571 - 575 RICHMOND St, London Property Details

Cross Street :Albert
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  • 1.6M
  • 2M+
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FAQs: 571 - 575 RICHMOND St, London

  • Q:What is the Area Size of the 571 - 575 RICHMOND St In Sq.Ft and it's MLS No.?

    A: The project covers an area of approximately sq. ft and is strategically located in Middlesex. The MLS No of this project is X8283346 and the Project is located in Ontario, Canada
  • Q: Does this Project 571 - 575 RICHMOND St available for Sale ?

    A: The project 571 - 575 RICHMOND St is readily available for Sale and can be purchased at competitive prices today. You can schedule a tour or request a call back for knowing further.
  • Q: How far is this property from my workplace?

    A:You can calculate your travel time and see how this property is far from your Office, your spouse's workplace or your kid's school. You just need to tell us which places you commute to frequently and Square Yards will tell you how far they are from this property.
  • Q:What are the Key Features 571 - 575 RICHMOND St is Offering?

    A:Square Yards is giving a Cashback of $19,250 if you buy this property from us, however there are several key features offered by the 571 - 575 RICHMOND St. You get Beds with N/A Bath, central air conditioning, parking space and garage along with a heating system, basement, gas fuel system and balcony.
  • Q:How many Beds & Baths available in 571 - 575 RICHMOND St, Middlesex?

    A: 571 - 575 RICHMOND St, Middlesex comes with Beds for maximum convenience and space. There are N/A baths available as well for when you have guests over or if you have a large family!
  • Q:How many Apartments and Condos are available for Sale in Middlesex, On?

    A:Middlesex, Ontario is one of the biggest real estate markets in Canada. There are several options available here pertaining to condos and apartments alike. There are approximately apartments and condos available currently for your perusal.
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