1061 Richmond Street, London East, ON Image 1

$3,450,888

Investment For Sale
MLS - #X11952956
Apr 16- By PROPERTY MAX REALTY INC.

1061 Richmond Street, London East, ON N6A 3J7

12 Bed
26 Bath
16000 Sqft.
Outside/Surface Garage

Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

16000 Sqft

About 1061 Richmond Street

Opportunity knocks with this unique property at 1057 & 1061 Richmond Street! Formerly a church, this solidly constructed building offers limitless potential for renovation. Located just an eight-minute walk to the University of Westerns Richmond Gate, its in the heart of Londons academic hub, with Kings, Huron, and Brescia Colleges, as well as Londons University Hospital, all within walking distance.Renovations to the first and second floors, as well as the basement, have already begun, and much of the work is complete. With 9 larger units (potential for 12) and a total of 27 washrooms, this property is perfect for rental income. Theres ample parking space for tenants, and the NF Zone variation allows for a variety of permitted uses. Taxes will be assessed after work completion.This is a must-see to appreciate opportunitycall to schedule your viewing today! See attached for more details. Extras include all items in the basement (36741960). **EXTRAS** All existing materials and other items on the property will be provided at a reasonable price.

Home Overview

Last updated

Apr 16

Virtual tour

None

Basement information

Building size

16000

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

--

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Open
Parking Features:N/A
0
Similar Homes Found
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Average Price
345088800.0%
Higher than average

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Location

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Walk Score for 1061 Richmond Street

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$13180.05/ month

Some information about this property - Richmond Street

Default Agent

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