ON > London East > East K
London East, ON N6A 3C3,344.5 Richmond ST
London East, ON N6A 3C3,344.5 Richmond ST
London East, ON N6A 3C3,344.5 Richmond ST
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Steve Nikiforos

Steve Nikiforos

+1(416) 854-2262
$874,999
Est. payment /mo
3,560 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 3,560 sqft

Price per Sqft $245

Subdivision East K

MLS Listing ID X12045257

Annual Tax Amount $6,141

Tax Year 2024

Property Sub-Type Investment

Property 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!

Location

Province ON

County Middlesex

Community East K

Area Middlesex

Zoning DA1

Interior

Cooling No

Exterior

Parking Features None

Utilities Available Available

Building

Lot Description Lot

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Lited by EXP REALTY

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agent

Steve Nikiforos

+1(416) 854-2262

Agent | License ID: 4767722

Agent License ID: 4767722

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