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CAONLondonEast F571 - 5 Richmond St
571 - 5 Richmond St, Home with 0 bedrooms, 0 bathrooms and null parking in London ON | Image 1
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$3,850,000
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571 - 5 Richmond St, London, ON

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $50,799
Days Active 128
Approx. Age 
MLS® Number X8283346

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Prime Real Estate is pleased to present 571-575 Richmond Street, an incredible mixed-use investment opportunity in downtown London, ON. The property consists of six (6) commercial units and eight (8) one-bedroom apartments. The property is fully leased with a great commercial tenant mix including Marble Slab, Wok Box, Neads/Wants, and more! The property is ideally located in the heart of Richmond Row, offering strong walking traffic and making it an attractive location for prominent national and local businesses to call home. The residential apartments have an urban loft aesthetic and attract a premium tenant profile. The property currently generates a Net Operating Income of $230, 544 which will continue to increase according to built-in escalations of the commercial leases. This opportunity appeals to a prudent investor looking to acquire a stable, well-maintained, high-profile investment with the opportunity to capitalize on raising rents both residentially and commercially as units turnover. Detailed financials and leases are available upon signing a confidentiality agreement.Show Description
MLS® NumberX8283346
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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