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$999,900
Ontario,London East (East K)
For Sale Active
342 RICHMOND STREET, London East (East K), Ontario N6A3C3
  • 5,200 Sqft
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Basic Details
Description

Prime investment opportunity in the heart of Downtown London! Welcome to 342 Richmond Street, a fully tenanted mixed-use commercial building that perfectly blends income-generating potential with modern upgrades. Featuring an established ground-level storefront and five beautifully renovated residential units, three spacious 2-bedroom, 1-bathroom apartments and two cozy 1-bedroom, 1-bathroom units, this property is designed to attract quality tenants. Each residential

unit showcases updated finishes, ensuring long-term tenant satisfaction, while the convenience of on-site laundry adds extra appeal. Recent improvements include a brand-new roof, offering peace of mind for years to come. With a stellar net operating income of $111,000 annually and a high-demand location amidst Londons bustling core, this property is a rare find. Just steps from trendy shops, dining, and cultural landmarks, this property offers an exceptional opportunity to own a turnkey asset in a thriving urban center. Don’t miss your chance to capitalize on this premium downtown cash cow! (id:62650)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: X13054230
  • Price: $999,900
  • Square Footage: 5,200 Sqft
  • Status: Active
  • Property Sub Type: Retail
  • Office Key: 272437
Features & Appliances
Features
  • Heating System: Electric, Hot Water
  • Cooling System: None
Address Map
  • Location: CA, Ontario, London East (East K), N6A3C3
  • Street: Richmond
  • Street Number: 342
  • Street Suffix: Street
  • Longitude: W82° 45' 5.2''
  • Latitude: N42° 58' 54.3''
Additional Information
  • Water Source:
  • Lot Size Dimensions: Bldg=18 x 97 FT
Financial
  • Tax Annual Amount: 8169.79
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Listing updated: 2026-04-29 11:12:21
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Listing Information
  • List Agent Key: 2007288
  • List Office Key: 272437
  • Modification Timestamp: 2026-04-28T19:30:42Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2026-04-28T19:21:43Z
Powered by REALTOR.ca
Listing updated: 2026-04-29 11:12:21
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