344.5 Richmond Street,London East (East K), ON N6A3C3
London East (East K), ON N6A3C3
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! (id:13843)
Details
| MLS # | X12045257 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Status | Active |
| Days On Site | 112 |
| Listing Provided By | EXP REALTY | ANDREW ODOARDI |
Features
| SQ Feet | 3,560 |
|---|---|
| Zoning | DA1 |
| Acreage | 0.05 |
Taxes
| Property | 6674 |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| City | London East (East K) |
| Postal Code | N6A3C3 |
| Listing VS Median (in N6A3C3) | |
Price: $874,999 low | high Med: $144,450 SqFt: 3,560 low | high Med: 2,389 $ / SqFt: $246 low | high Med: $61 On site: 112 low | high Med: 14.500000 | |