419 Richmond Street London, Ontario N6A 3C8
$659,000
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 $900 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:19173)
Property Details
| MLS® Number | 40019696 |
| Property Type | Other |
| Amenities Near By | Public Transit, Shopping |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area |
| Sign Type | Signband |
Building
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1865 |
| Cooling Type | Central Air Conditioning |
| Fireplace Present | No |
| Flooring Type | Ceramic, Laminate |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 1375 |
| Utility Water | Municipal Water |
Parking
| Other |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 34 Ft |
| Size Frontage | 17 Ft |
| Size Irregular | 0.5 |
| Size Total | 0.5 Ac|under 1/2 Acre |
| Size Total Text | 0.5 Ac|under 1/2 Acre |
| Zoning Description | Da1 |
Utilities
| Cable | Available |
| DSL* | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
| Water | Available |
https://www.realtor.ca/real-estate/22348360/419-richmond-street-london
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London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp
October 19 2020 02:46:11
