419 Richmond St, LONDON

$699,999

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

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!

Essential Information
MLS® #196199
Price$699,999
Bathrooms0.00
Acres0.00
TypeMulti Family
Sub-TypeResidential
Style3 Storey
StatusActive
Community Information
Address419 Richmond St
AreaE
CityLONDON
CountyLondon
ProvinceON
Postal CodeN6A 3C8
Amenities
PoolNone
Features

Carbon Monoxide Detector, Smoke Detector

Interior
HeatingBaseboard, Forced Air-Gas
BasementNone
# of Stories3
Exterior
ExteriorBrick, Stucco
Lot DescriptionUnder .5 Acre
RoofFlat
FoundationConcrete Block
Listing Details
OfficeCENTURY 21 FIRST CANADIAN CORP
LISTING MAP

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