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:52316)
PROPERTY MAX REALTY INC.
$2,999,999
1061 RICHMOND STREET, London East, Ontario
12 Bedrooms
26 Bathrooms
16000 Sqft
Property
MLS® Number: X12469394
Address: 1061 RICHMOND STREET
City: London East
Utilities
Central Air: Yes
Heating: Forced Air, Natural Gas
Parking
Parking Spaces: 11
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Property Sale History
Travel and Neighbourhood
63/100Walk Score®
Somewhat Walkable
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Location
