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$899,900
Available - For Sale
Listing ID: X12045257
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!
Price $899,900
Taxes: $6,141.2
Tax Type: Annual
Occupancy by: Tenant
Address: 344.5 Richmond Stre , London, N6A 3C3, Middlesex
Postal Code: N6A 3C3
Province/State: Middlesex
Legal Description: PT LT 10 , N/W YORK STREET , AS IN 76970
Directions/Cross Streets: Richmond St / King St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Building Percentage: T
Total Area: 3,560
Total Area Code:  Square Feet
Maintenance: 0
Heat Type: Baseboard
Central Air Conditioning: No
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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 Stre , London, N6A 3C3, Middlesex


 
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At a Glance:
Type: Com - Investment
Area: Middlesex
Municipality: London
Neighbourhood: East K
Style:
Lot Size: x 97.00(Feet)
Approximate Age:
Tax: $6,141.2
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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