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Active

$999,900

342 Richmond St

London East, ON N6A 3C3

342 Richmond St, London East — Listed at $999,900 Store W Apt/Office. MLS® X13054230.

Possession · seller's timeline

Flexible

1,733Sq Ft

Store W Apt/Office

$8,169.79Taxes/yr · 2025

Description

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!

Property Details

Property TypeStore W Apt/Office

CommunityEast K

Lot Dimensions18 × 97 ft

Dir/Cross StNorth of York and Richmond

Garage TypeNone

Heating TypeElectric Hot Water

A/CNo

Taxes (2025)$8,169.79

HSTIncluded In

SecurityNo

Listed Date4/28/2026

Days on Market146 days

PossessionFlexible

Business Details

Property Sub-TypeStore W Apt/Office

Property UseStore With Apt/Office

Occupant TypeTenant

Showing RequirementsShowing System

Possession TypeFlexible

Listing Expires10/31/2026

Commercial Space & Financials

Retail Area1,733 Sq Ft

Same-day showings available

5.0Rated 5 stars on Google Reviews WhatsApp Us About This Listing

Property Insights

Listing Courtesy of: TEAM GLASSER REAL ESTATE BROKERAGE INC.

MLS® #X13054230

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.