419 RICHMOND Street, London ON

$ 699,999.00

MLS# 196188

• Commercial

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!

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BROKERED BY: CENTURY 21 FIRST CANADIAN CORP


Facts & Features

Type
Multi-Family/Investment,Retail, Building and Land
Year Built
1948
Water
Municipal
Heating
Forced Air-Gas
Cooling
Central Air
Lot
1375 sqft.
Price/Sqft.
$509.09
Parking
Unknown
Days on LetsLook
99

Property Details

  • Area: City of London East
  • Assessed Value: $238,000.00
  • Age: 1948
  • Fronting: West
  • Taxes: $6,351.31 in 2018
  • Basement: Yes

Exterior

  • Finish: Concrete Block
  • Foundation: Brick
  • Garage: No

Services

  • Cable
  • Electricity
  • Garbage/Sanitary Collection
  • Internet High-Speed
  • Natural Gas
  • Public Transit
  • Street Lights
  • Telephone

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Loan Amount
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Interest Rate

419 RICHMOND Street, London ON N6A 3C8



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