344.5 RICHMOND STREET

London East (East K), , N6A3C3, Canada

$874,999

Welcome to 344.5 Richmond Street, an exceptional mixed-use investment opportunity offering a compelling 6% + 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 and a recently tenanted commercial unit on a 5-year lease. The property has undergone significant upgrades, including a brand-new roof (2024), as well as plumbing and electrical enhancements. Each unit is equipped with separate hydro meters and baseboard electric heating, leaving the landlord responsible only for water expenses. BONUS: Vendor willing to provide a first-position VTB! Located in a prime downtown area, this property offers exceptional returns and endless potential. Don't miss out on this outstanding investment opportunity!

Last updated on : Wednesday 7th of May 2025 03:25:54 PM

ADDRESS

Street : 344.5 RICHMOND STREET

City : London East (East K)

Country : Canada

Postal Code : N6A3C3

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PROPERTY SUMMARY

Property ID : X12045257

Building Type : Multi-Family

Property Type : Multi-family

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