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Home ON Greater London London Central London
344.5 RICHMOND STREET
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344.5 RICHMOND STREET $899,900
6 days ago
$899,900
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344.5 RICHMOND STREET
London, Ontario N6A3C3

MLS® Number: X12045257

Listing 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! (40127695)

Location Description

Richmond St / King St

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Community Name
East K
Land Size
20 x 97 FT
Annual Property Taxes
$6,141.20
Time on REALTOR.ca
6 days

Building

Heating & Cooling
Heating Type
Baseboard heaters
Utilities
Water
Municipal water

Measurements

Square Footage
3560 sqft

Land

Lot Features
Frontage
20 ft
Land Depth
97 ft
Other Property Information
Zoning Description
DA1
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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