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! (id:52316)
EXP REALTY
$874,999
344.5 RICHMOND STREET, London East, Ontario
3560 Sqft
Property
MLS® Number: X12045257
Address: 344.5 RICHMOND STREET
City: London East
Utilities
Heating: Baseboard Heaters
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Property Sale History
Travel and Neighbourhood
46/100Walk Score®
Car-Dependent
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Location
