London East, ON
342 Richmond Street
$999,900
Data last updated Oct 30, 2026, 6:20 p.m. ET. By using this site you agree to our Terms of Use.
Property facts
- Price
- $999,900
- Type
- store w apt/office
- Bedrooms
- 0
- Bathrooms
- 0
- Size
- 5,200 sq ft
- MLS®
- X13054230
- Status
- active
- Brokerage
- TEAM GLASSER REAL ESTATE BROKERAGE INC.
About this home
Prime investment opportunity in the heart of Downtown London! Welcome to 342 Richmond Street, a fully tenanted mixed-use commercial building that perfectly blends income-generating potential with modern upgrades. Featuring an established ground-level storefront and five beautifully renovated residential units, three spacious 2-bedroom, 1-bathroom apartments and two cozy 1-bedroom, 1-bathroom units, this property is designed to attract quality tenants. Each residential unit showcases updated finishes, ensuring long-term tenant satisfaction, while the convenience of on-site laundry adds extra appeal. Recent improvements include a brand-new roof, offering peace of mind for years to come. With a stellar net operating income of $111,000 annually and a high-demand location amidst Londons bustling core, this property is a rare find. Just steps from trendy shops, dining, and cultural landmarks, this property offers an exceptional opportunity to own a turnkey asset in a thriving urban center. Don't miss your chance to capitalize on this premium downtown cash cow!
Location
More details
- Property tax
- $8,170 (2025)
- Days on market
- 186
- Style
- Store With Apt/Office
- Lot
- 18 × 97 Feet
- Parking
- None
- Heating
- Electric Hot Water
- Air conditioning
- No
- Neighbourhood
- East K
- Major intersection
- North of York and Richmond
Details from PropTx (TRREB MLS®) via Repliers. Information deemed reliable but not guaranteed.