ON > London > East K
London, ON N6A 3C3,344.5 Richmond ST
London, ON N6A 3C3,344.5 Richmond ST
London, ON N6A 3C3,344.5 Richmond ST
London, ON N6A 3C3,344.5 Richmond ST
London, ON N6A 3C3,344.5 Richmond ST
London, ON N6A 3C3,344.5 Richmond ST
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 899,900
Est. payment | /mo

3,560 SqFt

Save
$ 899,900
Est. payment | /mo
Save

3,560 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 3,560 sqft

Price per Sqft $252

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

Interior

Cooling No

Exterior

Utilities Available Available

Lot Frontage 20.0

Lot Depth 97.0

Listed by EXP REALTY
agent-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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344.5 Richmond ST

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