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368 RICHMOND ST - Great opportunity to invest in Downtown London! This fully leased building has been extensively upgraded. This well mixed use Commercial / Residential property made up of 6 Residential Units and 2 Commercial Units, on the corner of Richmond / King St. Walking distance to Citi Plaza, Central Library, Covent Garden Market, Budweiser Sports Centre, banks, Starbucks, McDonald and across from the International High School. There is a successful restaurant on main floor, and Fitness Studio on 2nd floor, 6 residential apartment units on 2nd, 3rd and 4th floors. 8 Separate hydro meters and 6 gas meters. Upgrades include: New gas heat and AC (2016), newer roof (2012), new sprinkler system (2014), renovated stairs and newer drainage (2016). Very stable annual rental income $164,400.

Property Details

  • ID: 591453
  • Storeys: 0
  • Subdivision: East
  • Style: Office
  • New Construction: No
  • Status: Active
  • Estimated Annual Taxes: $14,600

Features

Allow Farming N
Cooling No
Fire Protection Full Sprnklr Sys, Smoke Detector
Heating Forced Air
Heating Present Yes
Loading None
Other Industrial SQFT Leased - 0, Office SQFT Leased - 0, Retail SQFT Leased - 0, Tax Year - 2016, Total Ac - 0, Warehouse SQFT Leased - 0
Sale/Lease Building & Land
Sewer Sewer
Water Municipal
Listed By CENTURY 21 FIRST CANADIAN CORP., BROKERAGE, INDEPENDENTLY OWNED AND OPERATED