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419 Richmond Street London, Ontario N6A 3C8

1375 sqft
Multi-Unit Central Air Conditioning Baseboard Heaters, Forced Air

$699,999

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 $795 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 portfolio! (id:26627)

Property Details

MLS® Number 196199
Property Type Multi-family
Amenities Near By Public Transit, Schools
Equipment Type Water Heater
Rental Equipment Type Water Heater

Building

Appliances Washer, Stove, Dryer, Refrigerator
Architectural Style Multi-unit
Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1948
Cooling Type Central Air Conditioning
Exterior Finish Brick, Stucco
Fire Protection Smoke Detectors
Fireplace Present No
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Baseboard Heaters, Forced Air
Stories Total 3
Size Interior 1375 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Schools
Sewer Sanitary Sewer
Size Depth 35 Ft
Size Frontage 16 Ft
Size Total Text Under 1/2 Acre
Zoning Description Da1

Utilities

Cable Available

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=20690753

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Carlo Castellani
Sales Representative

(519) 673-3390
(519) 673-6789
www.century21.ca/carlo.castellani

Century 21 First Canadian Corp
420 York Street
London, Ontario N6B 1R1

(519) 673-3390
(519) 673-6789
www.century21.ca/firstcanadian

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