$659,000

419 Richmond Street

London ON, N6A 3C8

Description

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 $900 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 portfolios!

Details

MLS#40019736
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1865
Days On Site11

Features

Building(s)1
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Area Information
ProvinceON
CountyMiddlesex
CityLondon
Postal CodeN6A 3C8
AreaEast
Listing VS Median (in N6A 3C8)
Price:
$659,000
low | high
Med:
$659,000
50% of Average
On Site:
11
low | high
Med:
11
100% of Average
Listing Updated: 09/21/2020
CARLO CASTELLANI LogoMLS Number: 40019736
Listing Provided By:
CARLO CASTELLANI  of  CENTURY 21 FIRST CANADIAN CORP
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