342 Richmond Street
London East, ON
- 5,200 sqft
- Store W Apt/Office
- 137 days on market
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!
Listing Details
- Taxes (2025)
- $8,170
- Listed
- April 28, 2026
Price History
Property
- Lot Size
- 18 x 97 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- North of York and Richmond
- Zoning
- DA1
- Parcel Number
- 083210094
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Office / Apartment Area
- 3466 Sq Ft
Community
Postal area N6A
- Population
- 13,810
- Private dwellings
- 9,768
- Median age
- 34
- Average household size
- 1.8
- Median household income
- $61,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in London East · last 12 months
- Median sold price
- $463,250
- Homes sold
- 1,334
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,334 recorded sales of commercial properties in London East over the last 12 months.
Listed by
TEAM GLASSER REAL ESTATE BROKERAGE INC.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 5,200 sq ft
- Price per sq ft
- $192.29
- Annual property tax
- $8,170
- Tax per sq ft
- $1.57
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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