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Commercial With 5 Residential In Downtown London Ontario

Not on MLS®

$1,990,000

For Sale: in

Commercial with 5 residential in Downtown London Ontario

Rahim Charania

Realtor

Very responsive to messages

Listing Details

Co-op commission: 2%+HST

Description

Completely renovated mixed use 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. Beautiful brick and beam, this building was home to the original London Free Press in 1868. Each floor is approximately 2000 SF. Basement consists of newly renovated open concept bachelor suite with 3 piece washroom. Main floor consists of 1,200 SF of retail space plus an additional 800 SF of storage space with separate 2 piece washroom and staff/office area, currently leased to marijuana dispensary. Second floor has 2 apartments completely renovated. Bachelor 800 SF, open concept with 4 piece bathroom leased for $1600 inclusive. Spacious 1200 SF 2 bedroom with 3 piece bathroom, living, dinging, kitchen leased for $2000 inclusive. The third floor consists of 2 open concept bachelor units with both with 3 piece bathroom. Common area coin laundry for extra income. Many 2023 upgrades including separate electrical panels for each unit, new flat roof PVC single layer membrane with new aluminum capping and and 1.5" insulation foam, heating/cooling, plumbing, new appliances throughout, security cameras/app and keyless entry fob/app system for easy control of tenants. Nothing left to do, this building is turnkey. GOING ON MLS IN 1-2 WEEKS.

Available Units and Spaces

Location & nearby

This listing is located in London, ON N6A 3C9

Unit #430 Richmond Street, London, ON, Canada

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Rahim Charania

Realtor

Very responsive to messages

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