1061 Richmond St

London | East B | N6A 3J7
  • 9 + 3
  • 27
  • 0

$3,450,888

Est. Mtg $11,701 /mo
  • Days on market

    79

  • Status

    New

Listing Broker PROPERTY MAX REALTY INC.
Since listed: 1 views

Home details

MLS #:

X11953149

Property type:
Multiplex
Style:
2-Storey
Taxes:
$8,888
Possession:
30/60/90 days
Lot Front:
159.15   Feet
Lot Depth:
124.91   Feet
Basement:
Apartment | Part Fin
Driveway Pkg:
0
Heat:
Gas | Forced Air

Description


1061 Richmond St, , London, Ontario is a Multiplex property in London and in the East B community in the N6A 3J7 postal code


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..

Extras

.


History

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List Date End Date List Price End Price Status MLS #
2024-03 2024-07 $3,999,000 $3,788,888 Ter X8140392
2024-07 2024-07 $34,999,000 $34,999,000 Ter X9007860
2024-07 2024-09 $3,499,000 $3,499,000 Ter X9007947
2024-09 2025-02 $3,499,000 $3,499,000 Ter X9343092
2025-02 2025-02 $3,450,888 $3,450,888 New X11953149
2024-09 $3,499,000 $3,499,000 X9007884
2024-02 $1,399,000 $1,399,000 X7889407
2024-07 $3,999,000 $3,788,888 X8147320
2024-01 $49,000 $49,000 X7524824
2025-02 $3,499,000 $3,499,000 X9343304
2025-02 $3,450,888 $3,450,888 X11952956
2024-01 $599,900 $599,900 X7546179

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

London :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 1061 Richmond St

Based on available 3rd party data

$12577

Approximate costs per month

Mortgage
$11701 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$740 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Hospital
  • Place Of Worship
  • Public Transit
  • Rec Centre
  • School
  • School Bus Route
Listing Broker PROPERTY MAX REALTY INC.
Data Source: TRREB

Payment calculator

$12442 monthly. In association with: TD Bank
%
  • Principal and Interest
    11701 /mo
  • Property Taxes
    $740 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Sandro Rocciolo, Realtor

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