ON > London East > East B
London East, ON N6A 3J7,1061 Richmond ST
London East, ON N6A 3J7,1061 Richmond ST
London East, ON N6A 3J7,1061 Richmond ST
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$2,999,999
Est. payment /mo
27 Beds
27 Baths
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision East B

MLS Listing ID X12469313

Style 2-Storey

Bedrooms 27

Annual Tax Amount $8,887

Tax Year 2024

Property Sub-Type Multiplex

Lot Depth 124.91

Lot Front 159.15

Appx SqFt 5000 +

Property Description

Opportunity knocks with this unique property at 1057 & 1061 Richmond Street, a solidly constructed former church offering limitless potential. The building is configured into 9 larger units, which collectively contain a total of 27 rooms and 27 washrooms, making it an ideal investment for rental income, with the potential to be reconfigured into 12 units. Its location is in the heart of London's academic hub, just an eight-minute walk to the University of Western Ontario's Richmond Gate and within walking distance of Kings, Huron, and Brescia Colleges, as well as London's University Hospital. Renovations to the first and second floors and the basement are already well underway, and the property also offers ample tenant parking and an NF Zone variation for a variety of permitted uses. Taxes will be assessed upon work completion. This is a must-see opportunity to be fully appreciated-call to schedule your viewing today! All existing materials and items in the basement will be provided at a reasonable price

Location

Province ON

County Middlesex

Community East B

Area Middlesex

Zoning Munti Residenntial

Rooms

Family Room Yes

Basement Apartment, Partially Finished

Kitchen 9

Interior

Interior Features Wheelchair Access, Water Heater, Water Meter

Cooling Central Air

Inclusions All existing: heating and air condition units and renovation materials in the building

Exterior

Exterior Feature Paved Yard

Parking Features Private

Garage Spaces 11.0

Pool None

Roof Type Metal

Lot Frontage 159.15

Lot Depth 124.91

Total Parking Spaces 11

Building

Foundation Concrete, Concrete Block

Others

Senior Community No

ParcelsYN Yes

Virtual Tour https://www.youtube.com/watch?v=rsOXJB0-t04

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Listed by PROPERTY MAX REALTY INC.

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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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