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$ 799,000

525 Richmond St, London, ON, N6A 3E8

Listing ID# 608191
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$ 799,000

  • 525 Richmond St
    London, ON N6A 3E8
  • Listing ID 608191
  • Building Type: See Remarks
  • Building Style: Multi-Storey
  • Land Size: .SEE REMARKS**
  • Status: For Sale/Active
  • Days on Market: 40
  • Tax Year: 2016
  • Taxes: $10,021.00
  • Parking Spaces: 2
  • Heating: Forced Air, Air Conditioned
  • Occupancy: Tenant
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Property Description

**Lot size: 22,28` x 78.84` x 86.39` x 21.39` R. Mixed use commercial/residential property in the heart of Richmond Row. Building consists of Cilantro Mediterranean Cuisine on the main level and two upper residential apartments. Restaurant is leased at $3,000.00 per month plus all utilities. Main level was completely re-built-kitchen, mechanical equipment, washrooms, flooring, chattels etc. Two 2 bedroom apartments have been updated and are rented at $1,200 plus hydro and $875 all inclusive per month. Gross annual income of $60,900.00 and net operating income of $43,379.00. Summary of income and expenses in documents.




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