Kathleen Taylor - Coldwell Banker Momentum Logo
$999,900
( $192.29Per Sq Foot )
 $5,368 est/mo Sourced by Back At You

342 Richmond Street,London East, ON N6A 3C3

London East, ON N6A 3C3

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Description

Prime investment opportunity in the heart of Downtown London! Welcome to 342 Richmond Street, a fully tenanted mixed-use commercial building that perfectly blends income-generating potential with modern upgrades. Featuring an established ground-level storefront and five beautifully renovated residential units, three spacious 2-bedroom, 1-bathroom apartments and two cozy 1-bedroom, 1-bathroom units, this property is designed to attract quality tenants. Each residential unit showcases updated finishes, ensuring long-term tenant satisfaction, while the convenience of on-site laundry adds extra appeal. Recent improvements include a brand-new roof, offering peace of mind for years to come. With a stellar net operating income of $111,000 annually and a high-demand location amidst Londons bustling core, this property is a rare find. Just steps from trendy shops, dining, and cultural landmarks, this property offers an exceptional opportunity to own a turnkey asset in a thriving urban center. Don't miss your chance to capitalize on this premium downtown cash cow!

Details

MLS #X13054230
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Year0
Days On Site117
Listing Provided ByTEAM GLASSER REAL ESTATE BROKERAGE INC. | X13054230 798700

Features

SQ Feet5,200
Acreage0.12

Interior

CoolingNo

Exterior

Security FeaturesNo

Utilities

UtilitiesYes

Taxes

Tax Annual Amount8169.79
Tax TypeAnnual
Tax Legal DescriptionPT LT 10 , N/W YORK STREET , AS IN 885803, T/W IF ANY IN 885803 CITY OF LONDON
Tax Year2025

Area Information

ProvinceON
RegionMiddlesex
CityLondon East
Postal CodeN6A 3C3
AreaEast K
Listing VS Median (in N6A 3C3)
Price:
$999,900
low | high
Med:
$501,200
99.87498749875% of Average
sqft:
5,200
low | high
Med:
3,375
85.096153846154% of Average
$ / sqft:
$192
low | high
Med:
$97
99.580603221612% of Average
On site:
117
low | high
Med:
122.5
95.510204081633% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Kathleen Taylor

Kathleen Taylor

Momentum Realty

Sales Representative (905) 246-1836kathleentaylorrealtor@gmail.com
ProvinceON
RegionMiddlesex
CityLondon East
Postal CodeN6A 3C3
AreaEast K
Listing VS Median (in N6A 3C3)
Price:
$999,900
low | high
Med:
$501,200
99.87498749875% of Average
sqft:
5,200
low | high
Med:
3,375
85.096153846154% of Average
$ / sqft:
$192
low | high
Med:
$97
99.580603221612% of Average
On site:
117
low | high
Med:
122.5
95.510204081633% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $749K - $1.249M
sqft: 3,500 - 6,500
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57 YORK Street Unit #9 Property Photo 1
$379,900
57 York Street Unit #9
London East, ON N6A 1A6
Listing Updated: May 26, 2026 at 11:22:16 PM PDT

Kathleen Taylor - Coldwell Banker Momentum