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$3,450,888

1061 RICHMOND STREET, London, Ontario, N6A 3J7

MLS® # X11953149

Property Information:

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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Basement Development: Partially finished
  • Basement Type: N/A
  • Exterior Finish: Concrete, Brick
  • Foundation Type: Concrete, Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Water meter

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 9+3
  • Bathrooms: 27
  • Amenities Nearby: Hospital, Public Transit, Schools
  • Community Features: Community Centre, School Bus
  • Features: Wheelchair access, Paved yard
  • Irregular: Yes
  • Lot Depth: 124.8 Feet
  • Lot Frontage: 159.1 Feet
  • Lot Size: 159.15 x 124.91 FT ; 1057 & 1061 To gether
  • Utility Type: Sewer - Available, Cable - Available
  • Zoning: Munti Residenntial
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 10

Courtesy of: PROPERTY MAX REALTY INC.

REALTOR.ca  

Location of 1061 RICHMOND STREET, London, Ontario, N6A 3J7

Demographic Information of 1061 RICHMOND STREET, London, Ontario, N6A 3J7

Life Stage

Older Families

Employment Type

Service Sector/White Collar

Average Household Income

$190,051.21

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.14 %

High school certificate or equivalent

22.38 %

Apprenticeship trade certificate/diploma

College/non-university certificate

16.35 %

University certificate (below bachelor)

3.81 %

University Degree

48.32 %

Commuter

Travel To Work

By Car

67.99 %

By Public Transit

1.99 %

By Walking

11.16 %

By Bicycle

3.16 %

By Other Methods

15.7 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

30.0 %

Houses

70.0 %

Own Vs. Rent