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Property Description

6.5% cap rate on rare downtown London investment opportunity! Total building net operating income (after expenses) = $59,169.82. The property offers six (6) turnkey residential apartments and one (1) commercial unit. The commercial (retail) unit is comprised of approximately 2,200 square feet on the main floor and an additional 2,200 square feet in basement space. Great owner-occupier potential or investment with continued improvements being made in the core and a strong history of continued value appreciation. Contact our team for the detailed rent roll and expenses or to check it out.

Features
: Fireplace-gas
: Brick
: Multi-family/investment
: Municipal-metered
Address Map
CA
City of London
London
N6A 3C3
RICHMOND
350
Street
W82° 45' 3.9''
N42° 58' 57.9''
Additional Information
PRIME REAL ESTATE BROKERAGE

350 RICHMOND London

350 RICHMOND Street, London, N6A 3C3

C$895000
Listing ID #171257
Basic Details
Property Type : Commercial
Listing Type : For Sale
Listing ID : 171257
Price : C$895000
Year Built : 0
Status : Active
Taxes : 7141.23
Tax Year : 2017
Lot Front : 20.01
Lot Depth : 0
Contact Agent

New Home Sales in London Ontario

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