519 Richmond St

London, ON, N6A 3E8
MLS® #: 232473
JAMIE DODDS, PRIME REAL ESTATE BROKERAGE

$1,265,000

printPrint
SaveSaveSave

Business Type: Business

Date Listed: Tue, Nov 12, 2019

Property Tax: $19,280 (2019)

Schedule A ViewingRequest More Info
Back To

519 Richmond St

London, ON, N6A 3E8

$1,265,000

print
N/A sqft|Business
MLS® #: 232473
JAMIE DODDS, PRIME REAL ESTATE BROKERAGE

More to See

Property Description

Prime mixed-use investment property on Richmond Row in one of the top locations in the city. The main floor is fullyrenovated and home to a popular restaurant with the current term of the net lease running until 2028. The second and thirdfloor contain two luxury apartments (1 two-bedroom and 1 one-bedroom) with exposed brick, modern finishes, and greattenants. The property generates $69,112 after expenses on an annual basis offering a potentially cash-flow positiveinvestment. This is a property any investor would be proud of. Lots of upside as London continues to develop and improvethe downtown and as residential rents continue to climb, and potential for additional revenue through an Airbnb model.Contact our team for a detailed package outlining rent roll and expenses or to line up a tour.

Details

Property Type: Commercial
Property Tax: $19,280 (2019)
Fees: N/A
Last Updated: Thu, November 14, 2019
Property Subtype: Building and Land
Sale Rent: For Sale
Title: Other (see remarks)

Key Facts

MLS® #: 232473
Ownership-Type: N/A
Year Built: N/A
sqft: 0 SQFT
Date Listed: Nov 12, 2019
Lot Size: N/A
Occupancy: N/A
Type: Mixed
See more details keyboard_arrow_down

Suggested Listings (9)

chevron_leftchevron_right
GEORGE KERHOULAS, CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO, BROKERAGE
MLS® #: 228536

$1,250,000

445 COLBORNE ST, London, ON, N6B 2T2

N/A sqft|Business
BRENT RUDELL, CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO, BROKERAGE
MLS® #: 184754

$1,200,000

141 WORTLEY RD, London, ON, N6C 3P4

5900 sqft|Business
LAURA HOWARD, STREETCITY REALTY INC.
MLS® #: 231512

$979,000

475 GREY ST, London, ON, N6B 1H4

N/A sqft|Business
GIB HEGGTVEIT, RE/MAX Centre City Realty Inc
MLS® #: 218776

$1,349,900

41 MEADOWLILY RD N, London, ON, N5W 1B7

N/A sqft
BRADLEY GLEED, CENTURY 21 FIRST CANADIAN CORP A TEAM INC.
MLS® #: 205664

$1,250,000

1793 DUNDAS ST, London, ON, N5W 3E6

8891 sqft|Business
chevron_left1 of 9chevron_right
Data was last updated Thursday, November 14, 2019 at 8:16:11 PM
I'd prefer to be reached by text or phone call

I'm looking to:

Buy
Sell

Introduction to Investing in Commercial Real Estate

[vc_row][vc_column][vc_column_text]RE/MAX recently released its 2018 Commercial Investor Report (Western Canada Edition), highlighting trends and market activity in several key markets. Following up on the report, we have compiled some introductory tips from some of our brokers and agents for investing…

+ More
listing-summary.remax-commercial