342 Richmond Street, London East, ON N6A 3C3
London East
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!
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 342 Richmond Street, London East, ON N6A 3C3
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MLS# X13054230
Listed by TEAM GLASSER REAL ESTATE BROKERAGE INC.
On market since Apr 28, 2026
What comparable homes actually sold for in the last 12 months.
342 Richmond Street, London East, ON N6A 3C3 is listed for $999,900 CAD.
342 Richmond Street, London East, ON N6A 3C3 is a Store W Apt/Office, 5,200 sq ft.
342 Richmond Street, London East, ON N6A 3C3 is in London East, Ontario.
342 Richmond Street, London East, ON N6A 3C3 is currently for sale.
The annual property taxes on 342 Richmond Street, London East, ON N6A 3C3 are approximately $8,169 CAD.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 342 Richmond Street, London East, ON N6A 3C3 (MLS# X13054230). You can also send a message through the contact form on this site.
