Property Details

350 RICHMOND Street, London, Ontario, N6A3C3

350 RICHMOND Street, London, Ontario, N6A3C3 (ID 40345980)
Representative
Sherry Farid portrait
Sherry Farid
Sales Representative, B.A., ABR, ASA
RE/MAX Centre City Realty Inc., Brokerage - REMAXLondon.com
Cell: 519-871-8998
Tel: 519-667-1800

$1,275,000 - For sale

ID#:40345980

6.8% cap rate on quality downtown London investment opportunity! Proforma net operating income (after expenses) = $86,644. The property offers six (6) turnkey residential apartments and one (1) commercial unit. The commercial (retail) unit is comprised of approximately 2,000 square feet on the main floor and an additional 2,000 square feet of full height basement space which has a separate walk-out entrance in the front and the rear of the building for added income potential. Main floor commercial space currently vacant offering great owner-occupier potential or investment with continued improvements being made in the core. Detail rent roll and expenses available upon request. (id:2471)

Location DescriptionPaid street side parking available directly in front of building. Alternatively, there is ample public parking on the same block off of York Street.

Property Details
  • Property Address:350 RICHMOND Street, London, Ontario, N6A3C3
  • Property Type:Office
  • Title:Freehold
  • Acreage:under 1/2 acre
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Driveway:None
Structure Details for 350 RICHMOND Street, London, Ontario, N6A3C3
  • Heating Type:Electric
  • Style:Semi-detached
  • Storeys:3
  • Basement Type:Full (Finished)
  • Cooling Type:Wall unit
  • Exterior Type:Brick
Amenities for 350 RICHMOND Street, London, Ontario, N6A3C3 Visual exposure, High Traffic Area
  • Amenities Nearby:Public Transit
Representative
Sherry Farid portrait
Sherry Farid
Sales Representative, B.A., ABR, ASA
RE/MAX Centre City Realty Inc., Brokerage - REMAXLondon.com
Cell: 519-871-8998
Tel: 519-667-1800
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350 RICHMOND Street, London, Ontario, N6A3C3

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