44
$2,999,999 Sale
Listed 1 day
1061 Richmond Street
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Listing History
Buy/Sell/Terminated/Expired listing history for 1061 Richmond Street
Key Facts
Key facts for 1061 Richmond Street
Property Type
Commercial
Parking
Outside/Surface
MLS #
X12469394
Size
-
Basement
-
Listed on
2025-10-14
Lot size
159 x 124.91
Tax
$8,887.54 /yr
Days on Market
5
Approximate Age
-
Maintenance Fee
-
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 a...nd 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.
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Courtesy of: PROPERTY MAX REALTY INC.