Residential Income
$ 1,275,000.00
- MLS #: 40345993
- Post Updated: 2022-11-08 12:46:10
- Area: 5000 sq ft
- BuildingAreaTotal: 5000
- Status: Active
- Type: Multi-6-9 Unit
Description
6.8% cap rate on quality downtown London investment opportunity! Proforma net
operating income (after expenses) = $86,644. The property offers six (6) turnkey
residential apartments and one (1) commercial unit. The commercial (retail) unit
is comprised of approximately 2,000 square feet on the main floor and an
additional 2,000 square feet of full height basement space which has a separate
walk-out entrance in the front and the rear of the building for added income
potential. Main floor commercial space currently vacant offering great owneroccupier potential or investment with continued improvements being made in the
core. Detail rent roll and expenses available upon request.
View on map / Neighborhood
Location & Schools
- MLSAreaMajor: East
- MLSAreaMinor: East K
- CountyOrParish: Middlesex
- CrossStreet: York
- Directions: Paid street side parking available directly in front of building. Alternatively, there is ample public parking on the same block off of York Street.
- Zoning: h-3 DA1 D350
Property Details
- ParcelNumber: 083210088
- AboveGradeFinishedArea: 5000
- StoriesTotal: 3
- ConstructionMaterials: Brick
- DirectionFaces: West
- AcresRange: < 0.5
Courtesy of
- ListOfficeName: PRIME REAL ESTATE BROKERAGE
350 Richmond Street London ON N6A 3C3. MLS 40345993. This Multi-6-9 Unit style property is located in Central London is currently Residential Income. This property is listed at $ 1,275,000.00. It has bedrooms, bathrooms. The property was built in year.
Contact us for more information on 350 Richmond Street London ON N6A 3C3
