419 RICHMOND STREET

London Ontario N6A3C8

$699,999

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Address

Street Address
419 RICHMOND STREET
City
London
Province
Ontario
Postal Code
N6A3C8
Country
Canada

Property Features

Listing ID
196188
Ownership Type
Leasehold
Property Type
Retail

Property Description

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! (id:2494)

Property Details

ID
20690756
Ammenities Near By
Public Transit
Location Description
South on Richmond St., building on the right hand side
Price
699,999
Transaction Type
For sale
Zoning Description
DA1

Building

Bathroom Total
3
Constructed Date
1948
Construction Material
Concrete block, Concrete Walls
Cooling Type
Central air conditioning
Exterior Finish
Concrete
Fire Protection
Smoke Detectors
Flooring Type
Ceramic, Laminate
Foundation Type
Block
Heating Fuel
Natural gas
Heating Type
Forced air
Type
Retail
Utility Water
Municipal water

Land

Size Total Text
under 1/2 acre
Size Frontage
16 ft
Amenities
Public Transit
Sewer
Municipal sewage system
Size Depth
35 ft

Utility

Type
Cable
Description
Available

Listing Office: CENTURY 21 FIRST CANADIAN CORP