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419 RICHMOND ST - 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

Property Details

  • ID: 196199
  • Status: Active
  • New Construction: No
  • Property ID: 101407533
  • Storeys: 0
  • Estimated Annual Taxes: $6,351
  • Style: Residential
  • Parking Type Description: None 0 cars

Features

District East
Driveway Street Parking Only
Exterior Stucco, Brick
Features Area Influences Shopping Nearby, Schools, Public Transit, Downtown
Features Interior Smoke Detector, Carbon Monoxide Detector
Fire Protection Smoke Detector, Carbon Monoxide Detector
Foundations Concrete Block
Garage Y/N No
Heat Primary Forced Air-Gas, Baseboard
Other Zoning - Da1
Property SubType Residential
Property Type Multi-Family
Subdistrict East F
Tax Year 2019
Water Supply Municipal
Listed By Carlo Castellani of CENTURY 21 First Canadian Corp., Brokerage*