396 RICHMOND Street London

396 RICHMOND Street, London

$1,100,000

Cap rate 7.8%! Prime location in downtown London! Approx 3530 SqFt. Three story building. Main floor approx 1330 Sqft retail used as Richmond Magazine and Variety, successfully running since 1997. The second floor fully renovated in 2011 with three bedroom apartment approx 1100 Sqft. The third level three bedroom unit approx 1100 Sqft. Brand new building added on in 2004. Newer shingle 2013. Currently the owner live on the third floor and run variety store business. The asking price includes the variety business. Suitable for people looking for property to run their business living on the premise. For investor, the potential income: NOI $87,388 per year ( Retail $3500 per month plux $500 of tax/insurance & residential income of 6 bedroom at $760/per room utility inclusive). Call for detail. Zoning DA1 does allow mulitiple commercial usage including restaurants, retail, apartment building, hotel, supermarket, amusement game, art gallery, bake shop, assembly halls, clinics, day care, group house etc. Excellent choice for business owners or investors! (id:23309)
  • Listing ID: 40364689
  • Property Type: Other
View Additional Photos
Make an Offer
Book a Showing
Get More Information

Talk to a Home Lifestyle Matchmaker

Use our neighbourhood guide to score the perfect match between your lifestyle and home. When ready to buy, we will put you in touch with a REALTOR® who specializes in London.

Details

  • Amenities Nearby: Hospital, Public Transit, Shopping
  • Community Features: High Traffic Area, School Bus
  • Ownership: Freehold
  • Transaction: For sale
  • Zoning Description: DA1

Building

  • BasementType: Crawl space (Unfinished)
  • Basement Development: Unfinished
  • Construction Style Attachment: Detached
  • Cooling: Central air conditioning
  • Fireplace Present: False
  • Heating: Baseboard heaters, Forced air
  • Heating Fuel: Natural gas
  • Size Exterior: 3400.0000
  • Stories Total: 3
  • Utility Water: Municipal water

Land

  • Access Type: Road access
  • Amenities: Hospital, Public Transit, Shopping
  • Sewer: Municipal sewage system
  • Size Depth: 55 ft
  • Size Frontage: 24 ft

REALTOR® MLS®
Listing provided by SUTTON - JIE DAN REALTY BROKERAGE
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

Powered by REALTOR®
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association.

Request More Information

Want more information or schedule a showing? Let us put you in touch with one of our agents who specializes in London.

    Are you under contract with a real estate agent or REALTOR®?
    YesNo

    You've indicated that you are currently working with a REALTOR®. Please be advised that REBBA 2002 and supporting Rules and Regulations, restricts the amount of information that we are able to provide to you as a client of another Brokerage or REALTOR®. Therefore, any further information must be sought directly from your current REALTOR®.

    This property for sale located at 396 RICHMOND Street in London was last modified on January 16th 2023. Let us connect you with one of our real estate agents to schedule a viewing or subscribe to other properties for sale in London.

    Terms of Use Agreement

    Terms of Use
    This website is operated by Royal LePage Triland Realty, a brokerage who is a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, Royal LePage Triland Realty, and CREA.

    Copyright
    The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate the content of this website.

    Trademarks
    REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

    Liability and Warranty Disclaimer
    The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.

    Amendments
    Royal LePage Triland Realty may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.

    AgreeDecline

    Make an Offer

      Are you under contract with a real estate agent or REALTOR®?YesNo

      You've indicated that you are currently working with a REALTOR®. Please be advised that REBBA 2002 and supporting Rules and Regulations, restricts the amount of information that we are able to provide to you as a client of another Brokerage or REALTOR®. Therefore, any further information must be sought directly from your current REALTOR®.

      Your Offer

      Do you want to view this property first?YesNo

      Do you want to waive all conditions?YesNo

      Request an In-house Showing

        Are you under contract with a real estate agent or REALTOR®?YesNo

        You've indicated that you are currently working with a REALTOR®. Please be advised that REBBA 2002 and supporting Rules and Regulations, restricts the amount of information that we are able to provide to you as a client of another Brokerage or REALTOR®. Therefore, any further information must be sought directly from your current REALTOR®.

        Are you a real estate agent or REALTOR®?YesNo

        You've indicated that you are a REALTOR® looking to schedule an appointment. This is not a Royal LePage Triland Realty property and we cannot schedule showing requests. Please contact the listing agent.

        When are you available?

        Request More Information

          Are you under contract with a real estate agent or REALTOR®?
          YesNo

          You've indicated that you are currently working with a REALTOR®. Please be advised that REBBA 2002 and supporting Rules and Regulations, restricts the amount of information that we are able to provide to you as a client of another Brokerage or REALTOR®. Therefore, any further information must be sought directly from your current REALTOR®.

          Let us find a Property to Match your Lifestyle

            Your Lifestyle Characteristics

            Are you under contract with a real estate agent or REALTOR®?

            YesNo

            You've indicated that you are currently working with a REALTOR®. Please be advised that REBBA 2002 and supporting Rules and Regulations, restricts the amount of information that we are able to provide to you as a client of another Brokerage or REALTOR®. Therefore, any further information must be sought directly from your current REALTOR®.

            Schedule an In-house Tour

              Not already working with a REALTOR®? If you are not working with a real estate agent, you can schedule a private viewing to tour this property with one of our professionals.

              Are you under contract with a real estate agent or REALTOR®?YesNo

              You've indicated that you are currently working with a REALTOR®. Please be advised that REBBA 2002 and supporting Rules and Regulations, restricts the amount of information that we are able to provide to you as a client of another Brokerage or REALTOR®. Therefore, any further information must be sought directly from your current REALTOR®.

              Are you a real estate agent or REALTOR®?YesNo

              You've indicated that you are a REALTOR® looking to schedule an appointment. This is not a Royal LePage Triland Realty property and we cannot schedule showing requests. Please contact the listing agent.