$1,499,000 FOR SALE

Commercial/Retail

Lot: 19.05 x 97.55 ftTotal Area: 6,000 ft2 divisible
2024 Taxes: $16,423.71

430 Richmond St E
London, ON N6A 3C9 | East K | Middlesex

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.

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Listed By STREETCITY REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9347484
Last Updated Sep 13, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Category Multi-Use
Legal Description 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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