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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:39551)

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
Fireplace Present No
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

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March 03 2023 10:32:37

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