272 Queen St. E., Brampton, Ontario L6V 1B9

Phone: 905-454-1100  Toll: 1-877-306-4776

344 1/2 Richmond St

London, Ontario
$698,888
For Sale
MLS© ID: X4330230
5 Bath(s)

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Excellent Opportunity To Own A 100% Leased Retail/Multi Unit Building In The Heart Of London Downtown. Close To 7% Cap Rate.All 4 Apartments Have Been Extensively Renovated And The Retail Tenant Is On A Fresh Lease After Being At Same Location For Over 10 Years. Hassle Free Investment With An On-Call Handy Man Nearby. Net Income Of Over 46K. Full Additional Basement For Retail Storage. Upgraded Mechanical Systems & Electrical.Minutes To Via Rail Station.

Extras: 4 Sets Of Appliances In Residential Units, Hot Water Tanks (R), Retail Gas Furnace With A/C, Coin Washer/Dryer, Video Security, Wifi, Newer Roof. Major Developments In The Area And About 15 Minutes To Western University.Hands-Free Investment.

Property Features

  • Directions/Cross Streets: Richmond And King
  • Lot Size Code: Feet
  • Taxes: 5521.00
  • Tax Year: 2018
  • Property #: X4330230
  • Sale/Lease: Sale
  • Country: Canada
  • Province: Ontario
  • Municipality: London
  • Lot Depth: 97.00
  • Lot Front: 20.00
  • Type: Commercial/Retail
  • Parking Spaces Total: 3
  • Category: Retail
  • Freestanding: Y
  • Lot/Bldg/Unit Code: Lot
  • Office/Apt Area: 2400
  • Office/Apt Area Code: Sq Ft
  • Retail Area: 1160
  • Retail Area Code: Sq Ft
  • Sprinklers: N
  • Total Area: 3560.00
  • Total Area Code: Sq Ft
  • Type Taxes: Annual
  • Utilities: A
  • Air Conditioning: Part
  • Heat Type: Baseboard
  • Water: Municipal
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