376 Richmond Street London East (East K), ON N6A 3C7
Inscription par:  CREA / Listed By: The Agency Real Estate

  376 Richmond Street London East (East K), ON N6A 3C7

En vigueur (75 Jours)
6 600 000 $ (CAD)
23
CAC
23
SDB

Description

Rare chance to acquire a fully repositioned, 23-unit mixed-use loft building in the heart of downtown London with assumable financing available. 376 Richmond Street is a concrete-frame, three-storey building fully converted in 2025, offering a diverse unit mix of studios, one-bedrooms, and one-bedroom-plus-dens, with electricity and water sub-metered directly to tenants, dramatically reducing landlord utility exposure. The property is financed under CMHC MLI Select Level 3 with a 50-year amortization, providing a buyer with long-term, low-cost debt and a clear decision point at mortgage maturity in 2030, at which point the buyer can maintain CMHC financing or exit the covenant and bring all units to market rent. The ground-floor commercial space presents a compelling boutique gym or premium fitness conversion opportunity, with downtown London's growing professional tenant base supporting above-average retail rents. In-place NOI of $311,093 grows to a market-stabilized $425,577 as below-market leases roll over on unit turnover. A fully optimized asset, including unit turnover, gym conversion, and covenant exit, represents a great value add strategy. (id:41440)

MLS®:
X13451376
Les impôts
$45,796(2025)
Catégorie
Multifamily
Ville
Middlesex County

Listed By

Jeff Wybo, The Agency Real Estate
Source
CREA
Dernière vérification Août 29 2026 à 7:45 PM EDT
Détails sur les salles de bains
  • Salles de bains: 23
Caractéristiques de la propriété
  • Foundation: Concrete
Chauffage et refroidissement
  • Forced Air
  • Natural Gas
  • None
Caractéristiques extérieures
  • Concrete
Informations sur les services publics
  • Sewer: Sanitary Sewer
Stationnement
  • Total: 0
  • No Garage
Étages
  • 3
Alimenté par Walk Score®
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by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 8/29/26 12:45