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$ 1,699,000
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Active
425 RICHMOND STREET London, ON N6A3C8
13,191 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 13,191 sqft
Price per Sqft $128
Subdivision East F
MLS® Listing ID X11968264
Originating Board London and St. Thomas Association of REALTORS®
Property 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. (id:24570)
Location
Province ON
Interior
Heating Radiant heat
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by ROYAL LEPAGE TRILAND REALTY
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