Matthew Tenk
Broker of Record
430 Richmond Street E London, Ontario N6A 3C9
$1,499,000
Incredible Opportunity to own this cash flow positive, full renovated, mixed use residential/commercial building along Richmond Street. Located just South of Queens Street, steps away from new downtown bus loop. Walking distance to Covent Garden Market, Budweiser Gardens and Fanshawe Downtown Campus. Ground floor consists of a open concept bachelor suite with 3 piece washroom. Main floor consists of 2000 SF of retail space with separate 2 piece washroom and staff/office area, currently leased to marijuana dispensary. Second floor has 2 apartments completely renovated; 1-2 bedroom and 1 open concept Bachelor unit 800 SF, with 4 piece bathroom leased for $1600 inclusive. Spacious 1200 SF 2 bedroom with 3 piece bathroom, living, dining, kitchen leased for $2000 inclusive. The third floor consists of 2 open concept bachelor units both with 3 piece bathrooms leased at $1600 and $1400 inclusive. Common area coin laundry for extra weekly income. **** EXTRAS **** Approved fire plan in place. Rental License with City of London. Fully compliant. (id:39551)
Property Details
| MLS® Number | X9347484 |
| Property Type | Retail |
| Community Name | East K |
| Farm Type | Other |
Building
| Bathroom Total | 6 |
| Cooling Type | Fully Air Conditioned |
| Fireplace Present | No |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Exterior | 6000 Sqft |
| Size Interior | 6000 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 97 Ft ,6 In |
| Size Frontage | 19 Ft |
| Size Irregular | Bldg=19.05 X 97.55 Ft ; 97.60 Ft X 19.05 Ft X 97.55 Ft X 19.0 |
| Size Total Text | Bldg=19.05 X 97.55 Ft ; 97.60 Ft X 19.05 Ft X 97.55 Ft X 19.0 |
| Zoning Description | Da1 |
https://www.realtor.ca/real-estate/27409770/430-richmond-street-e-london-east-k
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London and St. Thomas Association of REALTORS®
Streetcity Realty Inc.
October 09 2024 04:36:07
