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Pending
425 Richmond ST London, ON N6A 3C8
13,191 SqFt
UPDATED:
03/14/2025 01:43 PM
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Pending
Purchase Type For Sale
Square Footage 13,191 sqft
Price per Sqft $128
Subdivision East F
MLS Listing ID X11968264
Annual Tax Amount $11,601
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
Located in the heart of downtown London, 421-425 Richmond Street is a fully tenanted, mixed-use commercial property that presents an exceptional investment opportunity. Zoned DA1, this turn-key building offers 1,875 square feet of commercial space, featuring two commercial units and eight residential units. Each residential unit is equipped with separate hydro meters and hot water tanks, with four units recently upgraded to market rent, while the remaining four offer additional value-add potential. Generating a gross annual rental income of $160,869, the property provides a strong return on investment. Positioned in a high-traffic area, it is within walking distance of shops, restaurants, public transportation, VIA Rail, Canada Life Place, Victoria Park, and Covent Garden Market. As part of the Downtown Heritage Conservation District, this property seamlessly blends historical charm with modern investment potential, making it a great opportunity for any investor looking to grow their portfolio.
Location
State ON
County Middlesex
Community East F
Area Middlesex
Zoning DA1
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 67.5
Lot Depth 35.52
Others
Security Features No
Listed by ROYAL LEPAGE TRILAND REALTY