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London, ON N6A3C3 344.5 RICHMOND STREET

$899,900

344.5 RICHMOND STREET London, ON - Image 1344.5 RICHMOND STREET London, ON - Image 2344.5 RICHMOND STREET London, ON - Image 3
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Presented By: EXP REALTY
  • MLS# X12045257
  • 03/26/2025
  • Request Tour
  • Request Info
  • SQFT • 3,560

Home Details

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! (id:7434)
Presented By: EXP REALTY

Interior Features for 344.5 RICHMOND STREET

Other Interior Features

Building Fireplace PresentFalse
Building Heating TypeBaseboard heaters

General for 344.5 RICHMOND STREET

Building TypeMulti-Family
CommunityNameEast K
Location DescriptionRichmond St / King St
Property TypeMulti-family
Zoning DescriptionDA1

Additional Details

Zayd Hamamiyah

Realtor ®, BBA Hon.
Price $899,900
MLS#X12045257
List Date 03/26/2025
Property Type Multi-Family
Phone 289.816.2923
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Request Info
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