Kalpesh Patel (KK)
Broker
Homelife/Miracle Realty Ltd., Brokerage
Independently owned and operated.
5010 Steeles Ave. west, Toronto, Nunavut M9V5C6
Cell: 416-418-7039Office: 416-747-9777Fax: 416-747-7135
$1,699,000
Available - For Sale
Listing ID: X11968264
425 Richmond St , London, N6A 3C8, Ontario
| 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: | $11601.29 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 425 Richmond St , London, N6A 3C8, Ontario |
| Postal Code: | N6A 3C8 |
| Province/State: | Ontario |
| Lot Size: | 67.50 x 35.52 (Feet) |
| Directions/Cross Streets: | Carling St |
| Category: | Multi-Use |
| Use: | Other |
| Building Percentage: | Y |
| Total Area: | 13191.00 |
| 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 |
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Kalpesh Patel (KK)
Broker
Dir:
416-418-7039
Bus:
416-747-9777
Fax:
416-747-7135
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial/Retail |
| Area: | Middlesex |
| Municipality: | London |
| Neighbourhood: | East F |
| Lot Size: | 67.50 x 35.52(Feet) |
| Tax: | $11,601.29 |
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