1079 Richmond Street London, Ontario N6A 3K1
$975,000
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:39382)
Property Details
| MLS® Number | X12090217 |
| Property Type | Multi-family |
| Community Name | East B |
| AmenitiesNearBy | Public Transit, Place Of Worship, Schools, Hospital |
| CommunityFeatures | Community Centre |
| ParkingSpaceTotal | 6 |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 5 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 6 |
| BasementDevelopment | Partially Finished |
| BasementType | Full (partially Finished) |
| ExteriorFinish | Brick, Wood |
| FoundationType | Poured Concrete |
| HalfBathTotal | 1 |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 3 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Public Transit, Place Of Worship, Schools, Hospital |
| Sewer | Sanitary Sewer |
| SizeDepth | 125 Ft ,6 In |
| SizeFrontage | 40 Ft ,1 In |
| SizeIrregular | 40.1 X 125.5 Ft |
| SizeTotalText | 40.1 X 125.5 Ft |
| ZoningDescription | R2-2(9) |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Living Room | 2.81 m | 2.95 m | 2.81 m x 2.95 m |
| Second Level | Dining Room | 2.81 m | 1.89 m | 2.81 m x 1.89 m |
| Second Level | Kitchen | 2.83 m | 3.1 m | 2.83 m x 3.1 m |
| Second Level | Bedroom | 3.86 m | 3.23 m | 3.86 m x 3.23 m |
| Second Level | Bedroom | 4.01 m | 3.23 m | 4.01 m x 3.23 m |
| Third Level | Primary Bedroom | 4.64 m | 5.26 m | 4.64 m x 5.26 m |
| Third Level | Bedroom | 4.65 m | 3.36 m | 4.65 m x 3.36 m |
| Basement | Kitchen | 3.91 m | 4.84 m | 3.91 m x 4.84 m |
| Basement | Bedroom | 3.12 m | 3.73 m | 3.12 m x 3.73 m |
| Main Level | Foyer | 2.64 m | 5.27 m | 2.64 m x 5.27 m |
| Main Level | Living Room | 3.84 m | 4.05 m | 3.84 m x 4.05 m |
| Main Level | Kitchen | 3.37 m | 2.81 m | 3.37 m x 2.81 m |
| Main Level | Bedroom | 3.84 m | 4.56 m | 3.84 m x 4.56 m |
| Main Level | Foyer | 2.22 m | 3.74 m | 2.22 m x 3.74 m |
https://www.realtor.ca/real-estate/28184623/1079-richmond-street-london-east-b
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April 18 2025 12:21:13
London and St. Thomas Association of REALTORS®
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