344.5 Richmond St - Apartments FOR SALE


London, ON N6A 3C3
$849,000 CAD
519-438-5588
344.5 Richmond St, London, ON for Sale
$849,000 CAD
Apartments - FOR SALE
1/6
null | 6.9% Cap Rate

344.5 Richmond St
London, ON N6A 3C3


HIGHLIGHTS

  • Three-story mixed-use property with one commercial unit and four residential apartments.
  • Recent capital improvements include a new roof, electrical updates, and enhanced plumbing.
  • Café tenant secured on a four-year lease with guarantees and significant investment in space upgrades.
  • Located steps from major downtown landmarks, shopping, and entertainment in a thriving urban core.

OVERVIEW

This offering presents a rare chance to acquire a fully upgraded mixed-use asset in the heart of downtown London, just steps from Covent Garden Market and Canada Life Place. The property features a three-story configuration with a ground-floor commercial unit and four one-bedroom apartments on the upper floors. The main-floor café is stabilized under a long-term lease and has undergone substantial renovations totaling over $150,000. Two of the residential units have been recently refurbished and are move-in ready, providing flexibility for new tenancy at market rates.

FOR SALE DETAILS

PRICE

$849,000 CAD

PRICE/SF

$230 CAD /SF

# OF UNITS

4

PRICE/UNIT

$212,250

CAP RATE

6.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,388 SF

ZONING

DA1

APN/PARCEL ID

393606005017100

ASK ABOUT THIS PROPERTY

Tyler DesjardineCushman & WakefieldMore Info
519-438-5588

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Tyler DesjardineCushman & WakefieldMore Info
519-438-5588

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.