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. Fully compliant.
PT LT 10 SW QUEENS AV AS IN LC183470; T/W LC183470
Occupancy
Tenant
Possession Date
Flexible
Taxes (2024)
$16,423.71
Tax Type
Annual
Directions/Cross Streets
Queens and Dundas
Neighbourhood
East K
Area
Middlesex
Price History
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Freestanding
N
Bathrooms
6
Lot
19.05 x 97.55 ft
Lot Irregularities
97.60 ft x 19.05 ft x 97.55 ft x 19.0
Retail Area
2,000 ft2
Office/Apt Area
4,000 ft2
Total Area
6,000 ft2 divisible
Approximate Age
100+
Elevator
None
Air Conditioning
Y
Basement
Y
Garage Type
None
Heat Type
Gas Forced Air Open
Sprinklers
N
Sewers
Sanitary
Utilities
Y
Water
Municipal
Lot/Bldg/Unit Code
Building
Zoning
DA1
Seller Property Info Statement
N
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