344.5 Richmond St, London MLS Number: X11884948
East K, London, Middlesex, ON, N6A 3C3$925,000
Status: For Sale
- Property Type: Commercial (Investment)
- Property Taxes : $6141.20 (Tax Year:2023)
- Listing Courtesy : Exp Realty
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$925,000
Status: For Sale
Welcome to 344.5 Richmond Street, an exceptional mixed-use investment opportunity offering a compelling 6.1% 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. A recently vacated commercial unit, ideal for an owner-operator or potential partial conversion into an additional residential unit. 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. Located in a prime downtown area, this property offers exceptional returns and endless potential. Don't miss out on this outstanding investment opportunity!
Property Type | :Commercial |
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MLS Number | :X11884948 |
Listing Type | :Sale |
Possession Date | : |
Last Updated | :06 Dec, 2024 (11 Days ago) |
Source | :TRREB |
Area | :Middlesex |
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Postal Code | : N6A 3C3 |
Price | : $925,000 |
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Property Taxes | :$6141.20 |
Tax Year | :2023 |
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Cross Street | :Richmond St / King St |
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06 Dec, 2024
TREB #X11884948
Available
$925000.0