$999,900
342 Richmond Street, London East, ON N6A 3C3
London East
- Square feet
- 5,200
- Type
- Store W Apt/Office
About this listing
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
- Price per sqft
- $192
- Days on market
- 2 days
- Property taxes
- $8,170/yr (2025)
- Lot size
- 18 × 97 Feet
- Heating
- Electric Hot Water
- Cooling
- No
Payment calculator
- Mortgage amount
- $799,920
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Location
View Walk Score, Transit Score & Bike Score
Walkability, transit, and bike-friendliness for 342 Richmond Street, London East, ON N6A 3C3
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X13054230
Listed by TEAM GLASSER REAL ESTATE BROKERAGE INC.
On market since Apr 28, 2026
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About 342 Richmond Street, London East, ON N6A 3C3
How much is 342 Richmond Street, London East, ON N6A 3C3?
342 Richmond Street, London East, ON N6A 3C3 is listed for $999,900 CAD.
What type of property is 342 Richmond Street, London East, ON N6A 3C3?
342 Richmond Street, London East, ON N6A 3C3 is a Store W Apt/Office, 5,200 sq ft.
What neighbourhood is 342 Richmond Street, London East, ON N6A 3C3 in?
342 Richmond Street, London East, ON N6A 3C3 is in London East, Ontario.
Is 342 Richmond Street, London East, ON N6A 3C3 for sale or for rent?
342 Richmond Street, London East, ON N6A 3C3 is currently for sale.
What are the property taxes on 342 Richmond Street, London East, ON N6A 3C3?
The annual property taxes on 342 Richmond Street, London East, ON N6A 3C3 are approximately $8,169 CAD.
How do I book a showing for 342 Richmond Street, London East, ON N6A 3C3?
Contact Alex Morgan at +16471112222 to arrange a private showing of 342 Richmond Street, London East, ON N6A 3C3 (MLS# X13054230). You can also send a message through the contact form on this site.