350 Richmond Street London, Ontario N6A 3C3
Wall Unit
$1,275,000
6.8% cap rate on quality downtown London investment opportunity! Proforma net operating income (after expenses) = $86,644. The property offers six (6) turnkey residential apartments and one (1) commercial unit. The commercial (retail) unit is comprised of approximately 2,000 square feet on the main floor and an additional 2,000 square feet of full height basement space which has a separate walk-out entrance in the front and the rear of the building for added income potential. Main floor commercial space currently vacant offering great owner-occupier potential or investment with continued improvements being made in the core. Detail rent roll and expenses available upon request. (id:34868)
Property Details
| MLS® Number | 40345980 |
| Property Type | Office |
| Amenities Near By | Public Transit |
| Community Features | High Traffic Area |
| Features | Visual Exposure |
Building
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Semi-detached |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick |
| Heating Fuel | Electric |
| Stories Total | 3 |
| Size Exterior | 5000.0000 |
| Utility Water | Municipal Water |
Parking
| None |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Frontage | 20 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | H-3 Da1 D350 |
https://www.realtor.ca/real-estate/25044705/350-richmond-street-london
Interested?
Contact us for more information
Rick Pritchard
Broker
Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
519-381-3499
Janelle Pritchard
Sales Representative -
Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
519-381-3499
Denise Mann
Sales Representative -
https://onesmartmove.ca
Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
519-381-3499
Phillip Hallman
Broker -
https://onesmartmove.ca/
Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
519-381-3499
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March 03 2023 10:32:37
London and St. Thomas Association of REALTORS®
Exp Realty