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342 RICHMOND STREET, London, Ontario, N6A 3C3

MLS® # X11894453
Commercial For Sale In Central London, London, Ontario
$1,700,000
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
342 Richmond Street, London, ON
  • Advertising
342 RICHMOND STREET, London, Ontario, N6A 3C3
$1,700,000

Property Information:

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! (id:27)

Building Features:

  • Style: Mixed
  • Building Type: Residential Commercial Mix
  • Heating Type: Hot water radiator heat
  • Heating Fuel: Electric

Property Features:

  • Property Type: Retail
  • Irregular: Yes
  • Lot Depth: 97.0 Feet
  • Lot Frontage: 18.0 Feet
  • Lot Size: Bldg=18 x 97 FT
  • Zoning: DA1

Courtesy of: TEAM GLASSER REAL ESTATE BROKERAGE INC.

REALTOR.ca  

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 342 RICHMOND STREET, London, Ontario, N6A 3C3

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

35 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

35 hot days expected in 2050

55/100

Moderate

ClimateCheck®

Current data

This property, 342 RICHMOND STREET , experiences 7 hot days per year at around 31 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 34.5 degrees Celsius.

Projected Avg. Temperature

Past
31℃
2050
34.5℃

# Hot Days Per Year

Past
7
2050
35

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 342 RICHMOND STREET , experiences 11 significant 2-day storms per year, with about 328.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 404.2mm of precipitation per year.

Precipitation Per Storm

Past
328.5mm
2050
404.2mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 342 RICHMOND STREET, London, Ontario, N6A 3C3

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$101,556.43

Average Number of Children

1.44

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.86 %

High school certificate or equivalent

20.18 %

Apprenticeship trade certificate/diploma

4.67 %

College/non-university certificate

22.67 %

University certificate (below bachelor)

2.97 %

University Degree

39.65 %

Commuter

Travel To Work

By Car

57.7 %

By Public Transit

17.6 %

By Walking

20.45 %

By Bicycle

1.38 %

By Other Methods

2.87 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

98.33 %

Houses

1.67 %

Own Vs. Rent

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