$ 999,900
342 Richmond Street
342 Richmond Street, London East, ON N6A3C3 Photo 1
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342 Richmond Street, London East

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! (id:1945)
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Property details for 342 Richmond Street, London East

Type
Commercial
Living Area
5,200 square feet
Lot Size
Bldg=18 x 97 FT
Heating
Hot Water
Cooling
None
Annual Taxes
$8,170

Nearby Listings Stat

Estimated price and comparable properties near 342 Richmond Street

Active Listings
210
Min Price
$1
Max Price
$8,250,000
Avg Price
$714,477
Days on Market
78
days
Sold Listings
81
Min Sold Price
$45,000
Max Sold Price
$3,800,000
Avg Sold Price
$605,184
Days until Sold
74
days

Neighbourhood Census Data

London, Ontario

Population
765
Median Age
31.7
Median Income
$31,168
Dwelling Value
$239,784

Housing Tenure

Owners 11%
Renters 90%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 1.4
Pop. Density: 2,588.0/km²
Avg Shelter Cost: $964/mo
Owners with Mortgage: 0%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 48.9%
English only: 92.2%
English and French: 7.8%
Median Household Income: $39,296
Median Employment Income: $29,146

Price History

Listed
April 28, 2026
by TEAM GLASSER REAL ESTATE BROKERAGE INC.
Current Price
$999,900
Type
Commercial
For Sale
342 Richmond Street

Contact Agent Get in touch about 342 Richmond Street, London East

CODY TILBURY
CODY TILBURY
TEAM GLASSER REAL ESTATE BROKERAGE INC.

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