ON > London East (east K) > East K
London East (east K), ON N6A3C3,344.5 RICHMOND STREET
London East (east K), ON N6A3C3,344.5 RICHMOND STREET
London East (east K), ON N6A3C3,344.5 RICHMOND STREET
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Muhamed Awada

Muhamed Awada

+1(613) 720-4237
$874,999
Est. payment /mo
3,560 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,560 sqft

Price per Sqft $245

Subdivision East K

MLS® Listing ID X12045257

Lot Size 1,960 Sqft

Acres 0.045

Source Toronto Regional Real Estate Board

Property Description

Welcome to 344.5 Richmond Street, an exceptional mixed-use investment opportunity offering a compelling 6% + 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 and a recently tenanted commercial unit on a 5-year lease. The property has undergone significant upgrades, including a brand-new roof (2024), as well as plumbing and electrical enhancements. Each unit is equipped with separate hydro meters and baseboard electric heating, leaving the landlord responsible only for water expenses. BONUS: Vendor willing to provide a first-position VTB! Located in a prime downtown area, this property offers exceptional returns and endless potential. Don't miss out on this outstanding investment opportunity! (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Baseboard heaters

Exterior

Parking Features No

View Y/N No

Private Pool No

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agent

Muhamed Awada

+1(613) 720-4237

Real Estate Agent | License ID: 4726552

Real Estate Agent License ID: 4726552

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