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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$3,250,000
Est. payment /mo
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12 Beds
26 Baths
16,000 SqFt
New

1061 Richmond ST London East, ON N6A 3J7

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Kenneth Yim

Kenneth Yim

+1(416) 651-5653

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 16,000 sqft

Price per Sqft $203

Subdivision East B

MLS Listing ID X12167420

Bedrooms 12

Annual Tax Amount $8,887

Tax Year 2024

Property Sub-Type Investment

Lot Depth 124.91

Lot Front 159.15

Property 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.

Location

Province ON

County Middlesex

Community East B

Area Middlesex

Rooms

Kitchen 12

Interior

Cooling Yes

Exterior

Community Features Public Transit, Recreation/Community Centre

Utilities Available Available

Lot Frontage 159.15

Lot Depth 124.91

Others

Security Features Yes

Virtual Tour https://www.youtube.com/watch?reload=9&v=rsOXJB0-t04

Listed by PROPERTY MAX REALTY INC.

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agent

Kenneth Yim

Broker of Record | License ID: 9524831

+1(416) 651-5653

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