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$1,699,000
Available - For Sale
Listing ID: X11968264
Located in the heart of downtown London, 421-425 Richmond Street is a fully tenanted, mixed-use commercial property that presents an exceptional investment opportunity. Zoned DA1, this turn-key building offers 1,875 square feet of commercial space, featuring two commercial units and eight residential units. Each residential unit is equipped with separate hydro meters and hot water tanks, with four units recently upgraded to market rent, while the remaining four offer additional value-add potential. Generating a gross annual rental income of $160,869, the property provides a strong return on investment. Positioned in a high-traffic area, it is within walking distance of shops, restaurants, public transportation, VIA Rail, Canada Life Place, Victoria Park, and Covent Garden Market. As part of the Downtown Heritage Conservation District, this property seamlessly blends historical charm with modern investment potential, making it a great opportunity for any investor looking to grow their portfolio.
Price $1,699,000
Taxes: $11,601.29
Tax Type: Annual
Occupancy by: Tenant
Address: 425 Richmond St , London, N6A 3C8, Ontario
Postal Code: N6A 3C8
Province/State: Ontario
Lot Size: 67.5 x 35.52 (Feet)
Directions/Cross Streets: Carling St
Zoning: DA1
Category: Multi-Use
Use: Other
Building Percentage: Y
Total Area: 13,191
Total Area Code:  Sq Ft
Retail Area: 1875
Retail Area Code: Sq Ft
Sprinklers: N
Heat Type: Radiant
Central Air Conditioning: N
Water: Municipal
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ROYAL LEPAGE TRILAND REALTY

425 Richmond St , London, N6A 3C8, Ontario


 
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Type: Com - Commercial/Retail
Area: Middlesex
Municipality: London
Neighbourhood: East F
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Lot Size: 67.50 x 35.52(Feet)
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Tax: $11,601.29
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