Space
Finished area and layout
- Building Area
- 5,200 sqft
+34 more
5,200 sqft
Building Area
Bldg=18 x 97 FT
Lot
Property Snapshot
Key details for this listing
MLS #X13054230
Property
Type, style and structure
- Type
- commercial
- Style
- retail / Retail
Lot
Land, frontage and setting
- Lot
- Bldg=18 x 97 FT
- Frontage
- 18.0 feet
About This Property
This retail in London East offers 5,200 sqft of building area on a Bldg=18 x 97 FT lot. The home features hot water heating.
MLS Remarks
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:60351)
Full Listing Details
Address342 RICHMOND STREET
MLS#X13054230
Listing StatusActive
Property TypeCommercial
Sub-TypeRetail
TransactionSale
List DateApr 28, 2026
Days on Market180
Annual Tax$8,170
Possession DetailsFlexible
StyleRetail
Condition[]
Living Area5,200 sqft
CityLondon East
ProvinceOntario
Postal CodeN6A3C3
Lot DimensionsBldg=18 x 97 FT
Frontage18.0 feet
Zoning DetailsDA1
HeatingHot Water
Water SourceMunicipal water
Annual Tax$8,170
Business Type[]
Cross Streets: North of York and Richmond. ** Directions: From wellington turn west on york then north on Richmond property on right.
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