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Saad Saleem Tabani
Broker of Record & Home Developer

Meet Saad Saleem Tabani

With over a decade of experience in the Canadian housing market and leading many residential development projects. At Bridge we have honed our skills to provide you with a results-driven real estate experience. We build homes, help families Bridge into their next home and navigate complex real estate trends. Learn more

344.5 Richmond Street London, Ontario N6A3C3

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0
Beds
0
Baths
3,560
Sq. Ft.
$899,900
Active Multi-Family

Property Details

Listed Date: February 12, 2025
Size: 3560 Sq. Ft.
City: London
Neighbourhood: Old North
Province: Ontario
Postal Code: N6A3C3

Property Features & Amenities

Above ground pool Air exchanger Alarm system All Aluminum siding Atrium/Sunroom Attached Garage Backs on greenbelt Balcony Barbeque

Area Features & Amenities

Proximity to downtown amenities Access to public transit Restaurants Parks Shopping centers Schools

Cultural & Historical Insights

Feng Shui

The property faces east, which is often associated with new beginnings and opportunities.

Numerology

The number 344.5 can be broken down to 3 + 4 + 4 + 5 = 16, and further to 1 + 6 = 7, a number that symbolizes introspection and spiritual growth.

Historical Facts

  • Richmond Street has been a significant thoroughfare in London since the early 19th century.
  • The area is known for its historical architecture and vibrant cultural scene.

Community Character

The local community is diverse, with a mix of young professionals, families, and students, contributing to a lively and welcoming atmosphere.

Access to public transit in 344.5 Richmond, London

Welcome to your next investment opportunity—this exceptional property for sale in London is poised to deliver remarkable returns and an exciting future. Nestled at 344.5 Richmond Street, this mixed-use gem boasts an impressive 3560 square feet of space, making it ideal for a savvy investor or an owner-operator looking to capitalize on the vibrant downtown atmosphere. With an attractive asking price of $899,900, this property offers a compelling 6.3% cap rate, ensuring you maximize your investment potential from day one.

Stunning Features and Modern Upgrades

This property features two newly renovated one-bedroom residential units that are currently vacant, allowing you the flexibility to select tenants at market rates. Imagine the possibilities as you set your ideal rental prices in a thriving area! Complementing these residential units is a recently vacated commercial space, perfect for an owner-operator or for those considering a partial conversion into an additional residential unit. The potential for diversification in your income streams is simply too good to overlook.

The property has undergone significant upgrades, including a brand-new roof installed in 2024, along with enhancements to plumbing and electrical systems. Each unit comes equipped with separate hydro meters and efficient baseboard electric heating, ensuring minimal overhead costs for the landlord. Your only responsibility will be the water expenses, allowing for a streamlined management experience. The thoughtful upgrades mean you can invest with confidence, knowing that this property is ready for immediate occupancy and income generation.

Prime Location and Endless Potential

Located in a prime downtown area, this property for sale in London offers not just a great investment but also a vibrant lifestyle for tenants. With a plethora of dining, shopping, and entertainment options just a stone’s throw away, you’ll be providing your residents with a sought-after urban experience. The neighborhood is continually evolving, making it a desirable location for future growth and appreciation. This is not just a property; it’s a gateway to becoming an integral part of the community.

Don’t miss out on this outstanding investment opportunity! Whether you are an experienced investor or just starting your journey in real estate, 344.5 Richmond Street offers everything you need to succeed. Schedule a viewing today and step into the future of your investment portfolio—this property is waiting for you!

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