$2,999,999
Available - For Sale
Listing ID: X12469394
1061 Richmond Street , London East, N6A 3J7, Middlesex
| This is a prime opportunity to acquire a distinctive and solidly-constructed former church at 1057 & 1061 Richmond Street, offering exceptional potential for rental income in London's high-demand academic core. The property is currently configured into nine large units, each containing three rooms and three washrooms, for a total of 27 rooms and 27 washrooms, with approved potential to reconfigure into 12 units. Ideally situated just an eight-minute walk from the University of Western Ontario and within walking distance of several affiliated colleges and the University Hospital, it guarantees a strong tenant market. Value-add renovations are already well underway on the first and second floors and the basement. Coupled with ample parking and a flexible NF zoning, this property is a must-see investment. Taxes will be reassessed upon completion of work. |
| Price | $2,999,999 |
| Taxes: | $8887.54 |
| Tax Type: | Annual |
| Occupancy: | Vacant |
| Address: | 1061 Richmond Street , London East, N6A 3J7, Middlesex |
| Postal Code: | N6A 3J7 |
| Province/State: | Middlesex |
| Legal Description: | LOTS 5 AND 6, PLAN 217(W) LONDON andPART |
| Directions/Cross Streets: | Richmond St/Huron St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | F |
| Total Area: | 16000.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit Recreation/Comm |
| Financial Statement: | F |
| Chattels: | F |
| Franchise: | F |
| Sprinklers: | Yes |
| Washrooms: | 26 |
| Outside Storage: | F |
| Crane: | F |
| Clear Height Feet: | 10 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
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At a Glance:
| Type: | Com - Investment |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East A |
| Tax: | $8,887.54 |
| Baths: | 26 |
| Fireplace: | N |
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