430 Richmond St E

London, N6A3C9
For Sale
$1,499,000
430 Richmond St E, London
Multi-Use
CATEGORY
6,000 Sq Ft
TOTAL AREA
X9347484
MLSID
Contact Us
Property Description
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.
Property Details
Category
Multi-Use
Usage
Other
Zoning
Da1
Total Area
6,000 Sq Ft
Office/Apartment Area
4,000 Sq Ft
Retail Area
2,000 Sq Ft
Lot Size
19' x 98'
Taxes
$16,424 (2024)
Washrooms
6
Air Conditioning
Yes
Listing contracted with Streetcity Realty Inc.
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