1079 RICHMOND STREET new Save Request In-Person Tour Request Virtual Tour
London,ON N6A3K1
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $650
Subdivision East B
MLS Listing ID X12090217
Bedrooms 6
Half Baths 1
Property Description
Embrace a prime investment opportunity with this captivating 3 Unit home boasting a lucrative %6.0 cap rate, strategically positioned on Richmond within a stone's throw to Western University, offering both convenience and potential for high returns. A quick bus trip connects you to various amenities, placing everything at your fingertips.This versatile home currently features 3 units but has the potential for effortless conversion into 4 units, maximizing its income potential (R4 zoning allowance plans available upon request). The main floor unit greets you with a welcoming foyer leading to a living room with French doors, a kitchen, a comfortable bedroom, and a 3-piece bath.The second-floor unit presents an inviting living/dining area, a well-equipped kitchen, 1.5 baths, 2 bedrooms, and a screened-in porch - ideal for enjoying the "outdoors". Additionally, it offers 2 more bedrooms and a convenient 3-piece bathroom on the third floor, adding an extra touch of privacy to the living space.Downstairs, the basement unit offers a functional kitchen/living room combination, a private bedroom, and a 3-piece bath all illuminated by stylish pot lights, creating a bright and inviting living space.Seize the opportunity to capitalize on this exceptional property, perfectly positioned near all amenities. Don't miss your chance to own this gem and unlock the full potential of this investment in a highly sought-after location. (id:24570)
Location
Province ON
Rooms
Kitchen 3.0
Interior
Heating Radiant heat
Exterior
Parking Features No
Community Features Community Centre
View Y/N No
Building
Story 2.5
Sewer Sanitary sewer
Others
Virtual Tour https://listings.tourme.ca/sites/1079-richmond-st-london-on-n6a-3k1-15366477/branded