430 Richmond St - Storefront Retail/Residential FOR SALE


London, ON N6A 3C9
$1,499,000 CAD
430 Richmond St, London, ON for Sale
$1,499,000 CAD
Storefront Retail/Residential - FOR SALE
1/1
null | 12% Cap Rate

430 Richmond St
London, ON N6A 3C9


HIGHLIGHTS

  • Fully compliant
  • Approved fire plan in place.
  • Common area coin laundry for extra weekly income

OVERVIEW

Incredible Opportunity to own this cash flow positive, full renovated, mixed use residential/commercial building along Richmond Street. Located just South of Queens Street, steps away from new downtown bus loop. Walking distance to Covent Garden Market, Budweiser Gardens and Fanshawe Downtown Campus. Ground floor consists of a open concept bachelor suite with 3 piece washroom. Main floor consists of 2000 SF of retail space with separate 2 piece washroom and staff/office area, currently leased to marijuana dispensary. Second floor has 2 apartments completely renovated; 1-2 bedroom and 1 open concept Bachelor unit 800 SF, with 4 piece bathroom leased for $1600 inclusive. Spacious 1200 SF 2 bedroom with 3 piece bathroom, living, dining, kitchen leased for $2000 inclusive. The third floor consists of 2 open concept bachelor units both with 3 piece bathrooms leased at $1600 and $1400 inclusive. Common area coin laundry for extra weekly income. **** EXTRAS **** Approved fire plan in place. Rental License with City of London.

FOR SALE DETAILS

PRICE

$1,499,000 CAD

PRICE/SF

$259 CAD /SF

CAP RATE

12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1861

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,711 SF

ZONING

h-3, DA1, D350

APN/PARCEL ID

393601001015200

ASK ABOUT THIS PROPERTY

Rahim CharaniaStreetcity Realty Inc.More Info

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

Rahim CharaniaStreetcity Realty Inc.More Info

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