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$2,999,999
Available - For Sale
Listing ID: X12469394
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: $8,887.54
Tax Type: Annual
Occupancy by: 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
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: F
Total Area: 16,000
Total Area Code:  Square Feet
Area Influences: Public Transit   Recreation/Comm
Financial Statement: F
Chattels: F
Franchise: F
Maintenance: 0
Sprinklers: Yes
Outside Storage: F
Crane: F
Clear Height Feet: 10
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
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PROPERTY MAX REALTY INC.

1061 Richmond Street , London East, N6A 3J7, Middlesex

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Maria Tompson
Sales Representative
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416-548-7854
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416-981-7184

 
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Type: Com - Investment
Area: Middlesex
Municipality: London East
Neighbourhood: East A
Style:
Lot Size: x 124.91(Feet)
Approximate Age:
Tax: $8,887.54
Maintenance Fee: $0
Beds: 0
Baths: 26
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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