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$899,900
Available - For Sale
Listing ID: X11970474
Welcome to 344.5 Richmond Street, an exceptional mixed-use investment opportunity offering a compelling 6.3% 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 propertyhas undergone signifcant upgrades, including a brand-new roof (2024), as well as plumbing and electrical enhancements. Each unit is equippedwith separate hydro meters and baseboard electric heating, leaving the landlord responsible only for water expenses. Located in a primedowntown area, this property offers exceptional returns and endless potential. Don't miss out on this outstanding investment opportunity!
Price $899,900
Taxes: $6,141.2
Tax Type: Annual
Occupancy by: Tenant
Address: 344.5 Richmond St , London, N6A 3C3, Ontario
Postal Code: N6A 3C3
Province/State: Ontario
Legal Description: PT LT 10 , N/W YORK STREET , AS IN 76970
Lot Size: 20 x 97 (Feet)
Directions/Cross Streets: Richmond St / King St
Zoning: DA1
Category: Apartment
Building Percentage: Y
Total Area: 3,560
Total Area Code:  Sq Ft
Heat Type: Baseboard
Central Air Conditioning: N
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
EXP REALTY

344.5 Richmond St , London, N6A 3C3, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Middlesex
Municipality: London
Neighbourhood: East K
Style:
Lot Size: 20.00 x 97.00(Feet)
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Tax: $6,141.2
Maintenance Fee: $0
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