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Murat Sahiner, Broker | Home6 Team at RE/MAX Realtron Realty Inc., Brokerage | 88 Konrad Crescent, Markham, ON L3R 8T7

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342 Richmond Street London
For SaleLondon East

342 Richmond Street London, Store W Apt/Office for Sale

MLS® X13054230

London, ON

193 days on market
$999,900
Show on Map
Show on Map
N/ABeds
N/ABaths
5,200Sqft
N/AParking
Store W Apt/Office

Overview· 342 Richmond Street London

MLS® #X13054230

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!

Broker

TEAM GLASSER REAL ESTATE BROKERAGE INC.

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Walk Score®79Very WalkableVery Walkable
Transit Score®73Excellent TransitExcellent Transit
Bike Score®84Very BikeableVery Bikeable
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Highlights & Amenities· 342 Richmond Street London

Source: MLS® listing data
342 Richmond Street London

Store W Apt/Office

342 Richmond Street London

London East

Type

Store W Apt/Office

Parking

None

Property Tax

~$8,170/yr

Heating

Electric Hot Water

Buying Essentials

Square Feet

5200 sqft

Parking

None

Finances

List Price

$999,900

Price per SQFT

$192/sqft

Property Tax

~$8,170/yr

Property Specs

Property Type

Store W Apt/Office

MLS Size

5200 sqft

Living & Amenities

Heating Type

Electric Hot Water

Policies & Utilities

Neighbourhood

London East

Listed On

Apr 28, 2026

Price & Listing History

Days on Market

Current: 193 days

0306090120+

Rooms

Room information is not available for this listing.

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Nearby Schools

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Schools closest to 342 Richmond Street London.

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Mortgage Calculator

Mortgage Summary

Mortgage Payment$4,022/mo
Property Tax$681/mo
Total Monthly$4,703

Monthly Cash Flow (investors)

$
Net Cash FlowN/A

Closing Costs

Estimated closing costs$0
Cash required incl. down payment$0