344.5 Richmond Street, London, Ontario N6A 3C3 (27909689)

$899,900

Welcome to 344.5 Richmond Street, an exceptional mixed-use investment opportunity offering a compelling 6.3% cap rate at the asking price.This property features two newly renovated one-bedroom residential units, currently vacant, allowing the buyer to select tenants at market rates.A recently vacated commercial unit, ideal for an owner-operator or potential partial conversion into an additional residential unit. The propertyhas undergone signifcant upgrades, including a brand-new roof (2024), as well as plumbing and electrical enhancements. Each unit is equippedwith separate hydro meters and baseboard electric heating, leaving the landlord responsible only for water expenses. Located in a primedowntown area, this property offers exceptional returns and endless potential. Don't miss out on this outstanding investment opportunity! (id:54662)

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