- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- —
- Year Built
- —
- Lot Size
- 18 × 97 Feet
- Property Type
- Store W Apt/Office
- Neighbourhood
- London East
- Status
- For Sale
About this home
Prime investment opportunity in the heart of Downtown London! Welcome to 342 Richmond Street, a fully tenanted mixed-use commercial building that perfectly blends income-generating potential with modern upgrades. Featuring an established ground-level storefront and five beautifully renovated residential units, three spacious 2-bedroom, 1-bathroom apartments and two cozy 1-bedroom, 1-bathroom units, this property is designed to attract quality tenants. Each residential unit showcases updated finishes, ensuring long-term tenant satisfaction, while the convenience of on-site laundry adds extra appeal. Recent improvements include a brand-new roof, offering peace of mind for years to come. With a stellar net operating income of $111,000 annually and a high-demand location amidst Londons bustling core, this property is a rare find. Just steps from trendy shops, dining, and cultural landmarks, this property offers an exceptional opportunity to own a turnkey asset in a thriving urban center. Don't miss your chance to capitalize on this premium downtown cash cow!
Features
- Garage: None
- Cooling: No
- Heating: Electric Hot Water
Location
Approximate location, geocoded from the listing address.
Keep exploring
More homes you may like
For Sale$999,999
17 Carfrae Crescent
London South · London, ON
- Bedrooms
- 7 Beds
- Bathrooms
- 3 Baths
- Square footage
- 1,500–2,000 Sq Ft
For Sale$1,099,999
28 Lindbrook Court
London North · London, ON
- Bedrooms
- 5 Beds
- Bathrooms
- 4 Baths
- Square footage
- 2,000–2,500 Sq Ft
For Sale$547,700
6882 HEATHWOODS Avenue
London South · London, ON
- Bedrooms
- 3 Beds
- Bathrooms
- 3 Baths
- Square footage
- 1,500–2,000 Sq Ft