About this property

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!

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13054230
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	5,200 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	East K
City	London East
Postal Code	N6A 3C3
Province	ON
Listed Date	April 28, 2026
Days on Market	100
Price per Sq Ft	$192
Brokerage	TEAM GLASSER REAL ESTATE BROKERAGE INC.