419 Richmond Street London, Ontario N6A 3C8
$629,999
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 $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! (id:24910)
Property Details
| MLS® Number | 40019736 |
| Property Type | Multi-family |
| Amenities Near By | Playground, Public Transit, Shopping |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area |
| Features | Visual Exposure |
Building
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1865 |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Fireplace Present | No |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Other |
Land
| Acreage | No |
| Land Amenities | Playground, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 35 Ft |
| Size Frontage | 17 Ft |
| Size Irregular | 0.5 |
| Size Total | 0.5 Ac|under 1/2 Acre |
| Size Total Text | 0.5 Ac|under 1/2 Acre |
| Zoning Description | Da1 |
Utilities
| Cable | Available |
| DSL* | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/22348359/419-richmond-street-london
Interested?
Contact us for more information
Carlo Castellani
Salesperson
(519) 673-6789
www.century21.ca/carlo.castellani
420 York Street
London, Ontario N6B 1R1
(519) 673-3390
(519) 673-6789
www.century21.ca/firstcanadian
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp
October 27 2020 04:13:08
