$1,855,855
Status: For Sale
MULTI-PROPERTY MULTI-UNIT INVESTOR'S PACKAGE - 7 UNITS/DOORS & PARCEL OF LAND w/ 9+ ADDITIONAL UNIT DEV POTENTIAL: This listing includes a three unit building and two legal duplex units, a single car garage along with a parcel of tied land (three seperate addresses; 224, 226 & 230 Richmond Street). At the mouth of downtown London on the historic Richmond Street just north of the Thames River and northeast of iconic Wortley Village; this offering has investment potential as a short or long term hold; with ample possibilities at future development. These properties are currently fully tenanted. Present Net Operating Income (NOI) before lending costs of the seven combinded rented units is over $67,000 and at current market rents (conservative values) could be over $100,000 Net Operating Income (NOI) before lending costs (refer to Proforma in Documents). 230 Richmond Street is a three unit building with three bedroom units on the main and upper levels and a two bedroom unit on the lower level. All units in this three unit building include in suite laundry and dishwashers. Main floor unit was freshly renovated in 2021. All present tenants pay their hydro expenses in this property. 226 Richmond Street is a semi-detached duplex with a one bedroom upper unit and one bedroom lower unit. 224 Richmond Street is the other half the semi-detached duplex and has a two bedroom upper unit and a two bedroom lower unit. 224 Richmond Street also includes a parcel of tied land (formally three seperate addresses - 220 & 222 & 224 Richmond Street that have merged under single ownership). Property being sold ''as is/where is''(R3-1 zoning). Adjacent properties are zoned as AC4 commercial. Planner has suggested that Nine - Fifteen Unit building can be constructed on vacant lot that is currently part of 224 Richmond property. This oppurtunity is particularly valuable to potential developers/ builders.
| Price | :$1,855,855 |
| Property Taxes | :$4234.26 |
| Tax Year | :2022 |
| Cross Street | :Horton Street |
22 Apr, 2024
TREB #X8259362
Available
$1855855.0
224, 226 & 230 Richmond St is an ideal solution for individuals, business owners and entrepreneurs seeking commercial space tailored to their specific requirements. Corporates, small business owners and individuals alike will appreciate this 224, 226 & 230 Richmond St with a highly strategic location at the N6B 2H6 in Ontario. Working out of this spacious commercial property in Canada will ensure higher productivity, greater wellbeing of employees/workers and highly convenient access points all around.
224, 226 & 230 Richmond St offers approx. square footage with ample provisions for quality infrastructure and amenities for the workplace. Check the X8259362 carefully along with the project before checking out how it compares to similar Commercial situated nearby. Enjoy the benefits of reasonable 4234.26 and an attractive 1,855,855 while getting several vibrant East K benefits at the same time.
This Sale can be readily found online by searching for the right Commercial in Canada, particularly in your desired Ontario and N6B 2H6. You will enjoy ample sqft at this project along with getting access to the best infrastructure including and Detached for accommodating vehicles in tandem with , and easy access to the nearest cross street which is Horton Street. The locality has a good walk score while offering easy access to public transit facilities and an excellent bike score , making it highly convenient for your people to reach in a timely manner without any hassles at all.
You can check out several attractive $9,279 available on the 1,855,855 and these help in making things more pocket-friendly and comfortable for you by all means. You should keep an eye out for special $9,279 and other attractive incentives for buying this Commercial in Ontario and at N6B 2H6. Based upon the sheer approx. square footage available for users along with amenities, this makes for a value proposition by all means. This X8259362 offers a safe, secure and comfortable experience for users in Canada. Experience luxurious, comfortable and sleek experiences at this stylishly designed Commercial with the best materials and fixtures for company. Construction quality is top-notch while you can expect a highly convenient and innovative layout along with suitable configurations for enabling a modern workforce.
Pocket-friendly pricing aside, you will get all assistance with mortgages at reasonable rates along with customer support round the clock online for attending to all your queries and helping you close the deal for this Commercial successfully. 224, 226 & 230 Richmond St promises to be a great option for those seeking elegantly designed commercial spaces suitable for meeting multifarious needs. The need of the hour is designing spaces which are located amidst good communities with proper public amenities and facilities and also suitable infrastructure at the same time. Commercial properties in Canada are available with elegant and stylish designs at N6B 2H6 and you will find a value addition at 224, 226 & 230 Richmond St by all means.
