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. (id:47423)
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Detailed Information
Bathrooms
6
Lot
19 x 97.5 ft
Farm Type
Other
Listing Contract Date
2024-09-12
Location Description
Queens and Dundas
Property Type
Retail
Transaction Type
For sale
Zoning Description
DA1
Building
Cooling Type
Fully air conditioned
Heating Fuel
Natural gas
Heating Type
Other
Size (Exterior)
6000 square feet
Utility Water
Municipal water
Land
Total Size
Bldg=19.05 x 97.55 FT ; 97.60 ft x 19.05 ft x 97.55 ft x 19.0
Sewer
Sanitary sewer
Size of Irregular Land
Bldg=19.05 x 97.55 FT ; 97.60 ft x 19.05 ft x 97.55 ft x 19.0
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