344.5 Richmond Street London, Ontario N6A 3C3
MLS# X12045257 - Buy this house, and I'll buy Yours*

$899,900

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! (id:51158)

Property Details

MLS® Number	X12045257
Property Type	Multi-family
Community Name	East K

About 344.5 Richmond Street, London, Ontario

This For sale Property is located at 344.5 Richmond Street Multi-family Multi-Family set in the community of East K, in the City of London Multi-family bedroom(s), bath(s) . 344.5 Richmond Street has Baseboard heaters heating . This house features a Fireplace.

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This London Multi-Family

The Current price for the property located at 344.5 Richmond Street, London is $899,900 and was listed on MLS on :2025-03-27 16:46:04. The current average price in the city of is $0.00. The lowest price listed on MLS for a listing is $0.00. The highest priced 's in the area is prices at $0.00. The city of has 0 - 's listed on the MLS System.

Building

Heating Type	Baseboard Heaters
Size Interior	3560 Sqft
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	97 Ft
Size Frontage	20 Ft
Size Irregular	20 X 97 Ft
Size Total Text	20 X 97 Ft
Zoning Description	Da1

https://www.realtor.ca/real-estate/28082438/3445-richmond-street-london-east-k