342 Richmond Street
London (East K), ON N6A 3C3
- —Bedrooms
- —Bathrooms
- —Garage
- —Sq Ft
- $8,170Tax
- 18×97 ftLot Size
Free EstimateSee Free Estimate Report
Sale & Price History for 342 Richmond Street, London, East K
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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About 342 Richmond Street, London, East K
Summarized Description
- Fully tenanted mixed-use commercial building.
- Five beautifully renovated residential units.
- High-demand location in Downtown London.
- Brand-new roof for peace of mind.
- Stellar net operating income of $111,000.
- Turnkey asset ready for investment.
- Proximity to trendy shops and dining.
- Designed to attract quality tenants.
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!
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $8,170
- Land Transfer Tax Fee
- $16,473
Interior Features
- Security Features
- No
- Fireplace/Stove
- No
- Elevator
- No
Building
- Building Type
- Store W Apt/Office
Lot
- Lot Front
- 18.00 ft
- Lot Depth
- 97.00 ft
Parking & Garages
- Garage Type
- None
Heating & Cooling
- Heat Type
- Electric Hot Water
- Air Conditioning
- No
- Water
- Municipal
- Municipality
- London
- Neighbourhood
- East K
- Main cross streets
- North of York and Richmond
- Zoning
- DA1
- Directions
- From wellington turn west on york then north on Richmond property on right.
- MLS® number
- X13054230
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-04-28
- Updated on
- 2026-04-28
- Days on market
- 180 days
- Possession type
- Flexible
- Co-op commission
- 2% + HST
- Seller
- Listed by
- TEAM GLASSER REAL ESTATE BROKERAGE INC.
Home Market Value
Current home valuation for 342 Richmond Street, London, East K, London, ON. Listed for $999,900
HOMEH Estimate
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Estimated Sales Range
—
HOMEH Estimate for 342 Richmond Street, London, East K
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $499,900 over $500K
$74,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $36,996 | $27,897 | $23,798 | $0 |
=Total mortgage | $961,903 | $927,807 | $873,713 | $799,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $4,696monthly | $4,530monthly | $4,266monthly | $3,906monthly |
Land Transfer Tax
$16,473
$16,473
Around this home
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