$999,900
342 Richmond Street, London East, ON N6A 3C3
— beds— baths
Key facts
- MLS®
- X13054230
- Status
- New
- Type
- Store W Apt/Office
- Taxes
- $8,170
- Listed
- 2026-04-28
- Brokerage
- TEAM GLASSER REAL ESTATE BROKERAGE INC.
- Cross street
- North of York and Richmond
Description
Prime investment opportunity in the heart of Downtown London! Welcome to 342 Richmond Street, a fully tenanted mixed-use commercial building that perfectly blends income-generating potential with modern upgrades. Featuring an established ground-level storefront and five beautifully renovated residential units, three spacious 2-bedroom, 1-bathroom apartments and two cozy 1-bedroom, 1-bathroom units, this property is designed to attract quality tenants. Each residential unit showcases updated finishes, ensuring long-term tenant satisfaction, while the convenience of on-site laundry adds extra appeal. Recent improvements include a brand-new roof, offering peace of mind for years to come. With a stellar net operating income of $111,000 annually and a high-demand location amidst Londons bustling core, this property is a rare find. Just steps from trendy shops, dining, and cultural landmarks, this property offers an exceptional opportunity to own a turnkey asset in a thriving urban center. Don't miss your chance to capitalize on this premium downtown cash cow!
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.