NewFor Sale

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

Investment
TRREB
MLS® Number: X12167420
$3,250,000List Price
InvestmentProperty Type
16,000 sq ftSize
$8,887.54 / 2024Taxes (Annual)
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Listing History

Buy/sell history for 1061 Richmond Street, London East, ON N6A 3J7

0 Transactions by CPRB Agents

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Description

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.

Features

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Amenities

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Summary

Tax (Annual):$8,887.54 / 2024
Listing #:X12167420
Property Type:Investment
Size:16,000 sq ft
Land Size:159.15 x 124.91
Days on CPRB:
Garage:Outside/Surface
Locker:None
On CPRB Since:
Listing Brokerage:PROPERTY MAX REALTY INC.

Rooms

Details

Property

Property Type:Investment
Community:East B
Municipality:Middlesex

Building

Size:16,000 sq ft

Inside

Bedrooms:12
Bathrooms:26
Kitchens:12
Family Room:No

Parking

Garage Type:Outside/Surface
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Gas Forced Air Open

Land

Cross Street:Richmond St/Huron St

$3,250,000

List price

1061 Richmond Street, London East – Investment for sale · MLS® # X12167420