11 days on Market

1061 Richmond St, London, Ontario N6A 3J7

Townhouse
9 + 3
27
- sqft
$3,450,888
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Townhouse
9 + 3
27
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$14,820/mo

Tax Amount (2024)$8,888/yr

Days On Market11 days


Description

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.


Property Details

Style2-Storey
View-
Age of property-
SqFt-
Lot Size19,879 SqFt(124.91 x 159.15)
Parking Spaces10
MLS ®NumberX11953149
Community NameNorth London
Data SourceTRREB
Listing byPROPERTY MAX REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Apartment, Part Fin

Features

Lot size: 19,879 SqFt

Parking

Garage spaces 10

Garage type Other

Other parking spaces 0

Total parking spaces 10


Property History

Feb 3, 2025
Listed for
$3,450,888
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Listed
$•••,•••
11 days on market
history photo preview40
Listing by trreb®
Property listed by PROPERTY MAX REALTY INC., Brokerage
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Population and Demographics

Overview

Total population 9916
Average household income $144,067

Age (%)

20 to 34
30%
65 and plus
21%
50 to 64
17%
0 to 19
17%
35 to 49
16%

Household composition (%)

Single family
49%
Single person
39%
Multi person
12%
Multi family
0%

Mother tongue (%)

English
86%
Others
8%
Spanish
2%
Mandarin
1%
Arabic
1%

House tenancy (%)

Renters
52%
Owners
48%

Schools and amenities

Estimated Budget