342 Richmond Street

London, N6A 3C3

Interior: 5,200 ft²
Lot: 18 × 97 ft
Type: Store W Apt/Office
On the market: 171 days

Compare 342 Richmond Street

About this home

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!

Property details

MLS® number: X13054230
Property type: Store W Apt/Office
Interior size

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New
$549,900

5,200 ft²

Lot

18 × 97 ft

Heating

Electric Hot Water

Cooling

No

Property taxes: $8,170 (2025)
Possession: Flexible
Cross street: North of York and Richmond
Municipality: London

What it could cost each month

Mortgage estimate

$4,427a month

$199,980 down, 4.5%, 25 years

Down payment

7.5%10%20%

Interest rate

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An estimate, not a quote. Under 20% down, the mortgage default insurance premium is added to the loan.

Location

London, near North of York and Richmond

342 Richmond Street, London

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Listing courtesy of TEAM GLASSER REAL ESTATE BROKERAGE INC.

Listed on the MLS® System of the London and St. Thomas Association of REALTORS. MLS® number X13054230. Measurements are approximate.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Listing data provided under copyright by the London and St. Thomas Association of REALTORS® and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.

Robert Georgopoulos and George Georgopoulos are Sales Representatives with RE/MAX Advantage Realty Ltd., Brokerage. Each office independently owned and operated.

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