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In-PersonVirtual Tour
$ 2,999,999
Est. payment | /mo
12 Beds
26 Baths
16,000 SqFt
$ 2,999,999
Est. payment | /mo
12 Beds
26 Baths
16,000 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 16,000 sqft
Price per Sqft $187
Subdivision East A
MLS Listing ID X12469394
Bedrooms 12
Annual Tax Amount $8,887
Tax Year 2024
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Middlesex
Community East A
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
ParcelsYN No
Virtual Tour https://www.youtube.com/watch?v=rsOXJB0-t04
Listed by PROPERTY MAX REALTY INC.
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