38
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$925,000
Est. payment /mo
3,560 SqFt
Active
344.5 Richmond ST Middlesex, ON N6A 3C3
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UPDATED:
12/06/2024 10:19 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,560 sqft
Price per Sqft $259
MLS Listing ID X11884948
Annual Tax Amount $6,141
Tax Year 2023
Property Description
Welcome to 344.5 Richmond Street, an exceptional mixed-use investment opportunity offering a compelling 6.1% cap rate at the asking price. This property features two newly renovated one-bedroom residential units, currently vacant, allowing the buyer to select tenants at market rates. A recently vacated commercial unit, ideal for an owner-operator or potential partial conversion into an additional residential unit. The property has undergone significant upgrades, including a brand-new roof (2024), as well as plumbing and electrical enhancements. Each unit is equipped with separate hydro meters and baseboard electric heating, leaving the landlord responsible only for water expenses. Located in a prime downtown area, this property offers exceptional returns and endless potential. Don't miss out on this outstanding investment opportunity!
Location
Province ON
County Middlesex
Community East K
Area Middlesex
Zoning DA1
Region East K
City Region East K
Interior
Cooling No
Inclusions Four Fridges, Four Stoves, Remainder to be confirmed.
Exterior
Utilities Available Available
Lot Frontage 20.0
Lot Depth 97.0
Listed by EXP REALTY
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