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Last Updated : 295 Days ago

344.5 Richmond St, London, Ontario, East K

344.5 Richmond St, London MLS Number: X11970474

East K, London, Middlesex, ON, N6A 3C3

$899,900

Status: OFF MARKET

Property Type: Commercial (Investment)
Property Taxes : $6141.20 (Tax Year:2024)
Listing Courtesy : Exp Realty

344.5 Richmond St Property Description

Welcome to 344.5 Richmond Street, an exceptional mixed-use investment opportunity offering a compelling 6.3% 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.A recently vacated commercial unit, ideal for an owner-operator or potential partial conversion into an additional residential unit. The propertyhas undergone signifcant upgrades, including a brand-new roof (2024), as well as plumbing and electrical enhancements. Each unit is equippedwith separate hydro meters and baseboard electric heating, leaving the landlord responsible only for water expenses. Located in a primedowntown area, this property offers exceptional returns and endless potential. Don't miss out on this outstanding investment opportunity!

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344.5 Richmond St Property Facts

Property Type	:Commercial
MLS Number	:X11970474
Listing Type	:Sale
Possession Date	:
Last Updated	:12 Feb, 2025 (295 Days ago)
Source	:TRREB

Area	:Middlesex
Postal Code	: N6A 3C3

344.5 Richmond St Property Price & Tax Insights

Price	: $899,900
Property Taxes	:$6141.20

Tax Year	:2024

344.5 Richmond St, London Property Details

Cross Street	:Richmond St / King St

344.5 Richmond St, London - Price History

2025-01

16 Jan, 2025

TREB #X11884948

Available

$899900.0

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344.5 Richmond St - Location Map and Landmarks

Health Care

London Health Sciences Centre – Children's, Middlesex 3.0 km
London Health Sciences Centre – Victoria's, Middlesex 3.0 km
London Health Sciences Centre – University, Middlesex 4.05 km

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$899,900

344.5 Richmond St, Middlesex, Ontario

Listing ID #X11970474

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