40
See all 40 photos
$3,450,888
Est. payment /mo
26 BA
16,000 SqFt
Active
1061 Richmond ST London, ON N6A 3J7
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
02/14/2025 09:49 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 16,000 sqft
Price per Sqft $215
Subdivision East B
MLS Listing ID X11952956
Annual Tax Amount $8,887
Tax Year 2024
Property Sub-Type Investment
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
State 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?v=rsOXJB0-t04
Listed by PROPERTY MAX REALTY INC.