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$ 2,999,999
Est. payment /mo
Active
1061 RICHMOND STREET London East (east A), ON N6A3J7
12 Beds
26 Baths
16,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,000 sqft
Price per Sqft $187
Subdivision East A
MLS® Listing ID X12469394
Bedrooms 12
Source Toronto Regional Real Estate Board
Property Description
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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 11
Private Pool No
Others
Virtual Tour https://www.youtube.com/watch?v=rsOXJB0-t04
Listed by PROPERTY MAX REALTY INC.
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