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571 - 575 Richmond Street, London, Ontario N6A 3G2
  • 571 - 575 Richmond Street, London, Ontario  N6A 3G2
  • 571 - 575 Richmond Street, London, Ontario  N6A 3G2
  • 571 - 575 Richmond Street, London, Ontario  N6A 3G2
  • 571 - 575 Richmond Street, London, Ontario  N6A 3G2
  • 571 - 575 Richmond Street, London, Ontario  N6A 3G2
  • 571 - 575 Richmond Street, London, Ontario  N6A 3G2
  • 571 - 575 Richmond Street, London, Ontario  N6A 3G2
  • 571 - 575 Richmond Street, London, Ontario  N6A 3G2
  • 571 - 575 Richmond Street, London, Ontario  N6A 3G2
  • 571 - 575 Richmond Street, London, Ontario  N6A 3G2

571 - 575 Richmond Street, London, Ontario N6A 3G2

$3,850,000

Listing ID: 40578333
  • 0Bedrooms
  • 0Bathrooms
Property Type
Building Type
Storeys
3
Title
Freehold
Land Size
0.145 0.145 ac|under 1/2 acre

Description

Prime Real Estate is pleased to present 571-575 Richmond Street, an incredible mixed-use investment opportunity in downtown London, ON. The property consists of six (6) commercial units and eight (8) one-bedroom apartments. The property is fully leased with a great commercial tenant mix including Marble Slab, Wok Box, Neads/Wants, and more! The property is ideally located in the heart of Richmond Row, offering strong walking traffic and making it an attractive location for prominent national and local businesses to call home. The residential apartments have an urban loft aesthetic and attract a premium tenant profile. The property currently generates a Net Operating Income of $230,544 which will continue to increase according to built-in escalations of the commercial leases. This opportunity appeals to a prudent investor looking to acquire a stable, well-maintained, high-profile investment with the opportunity to capitalize on raising rents both residentially and commercially as units turnover. Detailed financials and leases are available upon signing a confidentiality agreement. (id:41195)

Details

Appliances Included
Visual exposure
Zoning Description

Building

Bathrooms (Partial)
Bathrooms (Total)
Cooling
Exterior Finish
Brick, Wood
Foundation Type
Heating Fuel
Heating Type
Style
Water
Municipal water
Utility Sewer
Municipal sewage system
Flooring
Fireplace
Basement Development
Full
Bedrooms Above Grade
Listed by PRIME REAL ESTATE BROKERAGE

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SUTTON PREFERRED

SUTTON PREFERRED

181 COMMISSIONERS ROAD WEST, London ON N6J1X9

Office: (519) 438-2222
Fax: (519) 438-1886

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  • Team Beckett were very helpful in giving us a comprehensive assessment of our home’s value..They helped us sell our home for full listing price.They also assisted us with our new home purchase,and were there to expertly guide us along the way.Thank you Team Beckett for your invaluable expertise.”

    Sheila 

    Sheila

  • That’s a lovely gesture, thank you.  With the on-set of cold weather it’s especially nice to know that there will be some extra food for tables.  Really do appreciate all your work Ty.  My husband can probably attest to the fact that I don’t usually hold back in the feedback department, requested or otherwise, and can normally find room for improvement.   In your case, all I can do is focus on what you did well:

    (1)  The first draw was your website… for a newcomer to the London area it is very informative and easy to navigate.

    (2) Your response times were very good (when I was first looking for someone to work with emails and phone messages to other realtors wouldn’t be returned for 72 business hours… enough time for me to go buy a house elsewhere!).

    (3) Exceptionally low pressure / no contracts etc, like you say on your website but actually true!

    (4) Excellent listener and matched needs, even when not vocalized, with the appropriate price point and features.

    (5) You demonstrate clear market knowledge.

    (6) You’re patient (even with my mother!); and

    (7) You sealed the deal with terrific negotiating.

    I think you did a fabulous job and would certainly recommend your services.

    Best regards,
    Helen & Adrian

    Helen & Adrian

  • Beckett’s

    If you want to talk about above and beyond then you’re definitely talking about teambeckett From being first time home buyers to first time home sellers they made the process as smooth as possible. We’ve come to learn that without their consistency, knowledge, and genuine thoughtfulness we would have been at a lose.

    They made it a top priority to make sure that we understood every single piece of paperwork that was put before us, which made us feel much more comfortable making big decisions. My fiancé and I both walked away with a better understanding of real-estate. They were the definition of professional, but were also invested in keeping things both light and friendly. They handled all the fine details with the finesse of a group of people who are not only highly skilled, but devoted to getting their clients the best possible outcome.

    I’d recommend that to anyone who is looking for their first house, their next house, and any house after that. As a family we were so thankful for their guidance.

    Jasmine and Aaron

    Jasmine and Aaron

  • I was very pleased and impressed by how much work Joyce did prepping and staging the house.  She made sure the house sold quickly and paid attention to our request for the closing date and any other requirements I had.

    I liked getting all the hint pages explaining each phase of selling process and what to expect.  Most impressive was her guidance through the offers, where she describing each one and how to approach them.

    All in all the selling of my house was painless to the point of being enjoyable given it was an estate sale.

    Tim Thorne

    Tim Thorne

  • Thank you so much for your kindly help, and I feel so happy to work with you Ty.

    I deeply appreciate you did to me, thank you. I will contact you when I need any further help.

     

    Nora Fu

    Nora Fu

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571 - 575 Richmond Street, London, Ontario N6A 3G2
$3,850,000
40578333
Subject Take a look at this property MLS Number# 40578333

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