344.5 Richmond Street,London, ON N6A 3C3
London, ON N6A 3C3
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!
Details
| MLS# | X12045257 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 32 |
| Listing Provided By | EXP REALTY | X12045257 285400 |
Features
| SQ Feet | 3,560 |
|---|---|
| Acreage | 0.08 |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Middlesex |
| City | London |
| Postal Code | N6A 3C3 |
| Area | East K |
| Listing VS Median (in N6A 3C3) | |
Price: $899,900 low | high Med: $899,900 SqFt: 3,560 low | high Med: 3,560 $ / SqFt: $253 low | high Med: $253 On site: 32 low | high Med: 32.000000 | |
