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  • * $699,999
  • SQ. Feet1,375
  • Built1948

419 Richmond Street, in London

This is a Multi-family (Multi-Unit).

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419 Richmond Street, in London

Turn-key mixed use commercial/residential property in the heart of Downtown London. Located on Richmond St., near Dundas St. in a high visibility building with great street presence. Exposure to thousands of cars each day and pedestrian traffic along the new Dundas Place Flex Street. Main floor retail space, approx. 400 square feet leased to Nails Enprive for 3 years, lease expiring on April 30, 2022. Two residential apartments have been updated and are rented at $1,500 and $795 per month. Shared laundry facilities onsite. Net operating income of $31,497-Year 1, $32,697-Year 2 and $33,897-Year 3. Excellent return on investment. Copy of commercial lease and income and expense statements available upon request. Just around the corner from Budweiser Gardens and Fanshawe College-Downtown Campus. Ample public parking nearby. Illuminated sign band included. Brand new furnace and central air servicing retail unit. Do not miss this opportunity to build your real estate portfolio! (id:6289)

$699,999
419 Richmond Street, London, Ontario

Essential Information

  • Listing #196199
  • Price$699,999
  • Price per Sqft509
  • Bathrooms0.00
  • Square Footage1,375
  • Year Built1948
  • TypeMulti-family
  • Sub-TypeFreehold
  • StyleMulti-Unit

Amenities

  • AmenitiesPublic Transit, Schools
  • UtilitiesCable

Exterior

  • ExteriorBrick, Stucco
  • FoundationBlock

Community Information

Interior

  • AppliancesWasher, Stove, Dryer, Refrigerator
  • HeatingNatural gas Baseboard heaters, Forced air
  • CoolingCentral air conditioning
  • Has BasementYes
  • # of Stories3

Listing Details

  • Listing OfficeCENTURY 21 FIRST CANADIAN CORP
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