425 Richmond Street,London, ON N6A 3C8
London, ON N6A 3C8
Description
Located in the heart of downtown London, 421-425 Richmond Street is a fully tenanted, mixed-use commercial property that presents an exceptional investment opportunity. Zoned DA1, this turn-key building offers 1,875 square feet of commercial space, featuring two commercial units and eight residential units. Each residential unit is equipped with separate hydro meters and hot water tanks, with four units recently upgraded to market rent, while the remaining four offer additional value-add potential. Generating a gross annual rental income of $160,869, the property provides a strong return on investment. Positioned in a high-traffic area, it is within walking distance of shops, restaurants, public transportation, VIA Rail, Canada Life Place, Victoria Park, and Covent Garden Market. As part of the Downtown Heritage Conservation District, this property seamlessly blends historical charm with modern investment potential, making it a great opportunity for any investor looking to grow their portfolio.
Details
| MLS# | X11968264 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Sold Conditional |
| Days On Site | 75 |
| Listing Provided By | ROYAL LEPAGE TRILAND REALTY | X11968264 355004 |
Features
| SQ Feet | 13,191 |
|---|---|
| Acreage | 0.30 |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| County | Middlesex |
| City | London |
| Postal Code | N6A 3C8 |
| Area | East F |
| Listing VS Median (in N6A 3C8) | |
Price: $1,699,000 low | high Med: $1,164,000 SqFt: 13,191 low | high Med: 7,283 $ / SqFt: $129 low | high Med: $293 On site: 75 low | high Med: 143.500000 | |
